Friday’s share-price rout in Japan continued with a vengeance on Monday and set the tone for markets globally, with U.S. indexes trading overnight and cryptocurrencies moving down in line with the 225-issue Nikkei average.
The yen staged an energetic rally, maintaining a trend ongoing for weeks, and is now trading at levels not seen since early 2024. Yields collapsed in Japan, with the benchmark 10-year government bond dropping like a rock and now well below 1%.
At the close Monday, the benchmark index was down 4,451.28 points, or 12.40%, to 31,458.42.