Nikkei Enters Bear Market to Extend Global Rout: Markets Wrap
- S&P 500 declined almost 3 percent on Monday to 20-month low
- Israel stocks drop after Netanyahu announces early election
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The Nikkei 225 Stock Average slid into a bear market, as a global equity rout continued unabated in the last week of the year, with renewed turmoil in Washington rattling investors. Israeli stocks sank for a fourth day, while the yen and Japanese bonds rose.
The Japanese benchmark fell 5 percent on Tuesday, widening its drop to 21 percent from its Oct. 2 peak, taking its cue from the S&P 500’s worst trading session before the Christmas holiday. Chinese shares, the other major Asian market open on Tuesday, also declined as investors shrugged off a pledge by the government to do more to support companies.