Virus Resurgence Leaves Nikkei 225 on the Retreat From 30,000
Min Jeong Lee and Shoko Oda, Bloomberg News
A pedestrian is reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Tuesday, Feb. 6, 2018. Japanâs blue-chip Nikkei 225 Stock Average entered a correction as the nationâs shares posted the biggest decline since November 2016, following U.S. peers lower amid rising concern that inflation will force interest rates higher. Photographer: Noriko Hayashi/Bloomberg
, Bloomberg
(Bloomberg) -- The euphoria of the Nikkei 225 Stock Averageâs rally to a three-decade high earlier this year is fading fast.
The 30,000 mark is now looking distant after the blue-chip gauge extended a two-day slump to 4% on Wednesday, taking losses since it reached a 30-year peak in February to 6%. Dreams earlier this year that Japanese equities might finally challenge their all-time highs have been put on hold.