The Nikkei has fallen sharply again during trading today (December 5th), marking a second successive day of heavy drops for the index.
After the best November the market had seen in eight years, December has proven to be much tougher for the index so far.
The Nikkei dropped by 1.5 per cent today, ending the session down at 15,177.49 after slipping more than 230 points. This followed on from the 2.2 per cent loss sustained yesterday.
Investors are growing increasingly cautious this week ahead of the release of the latest jobs data from the US, which is due to be released tomorrow.
Yesterday's loss had led the Nikkei to a new one-week low, but today's drop has extended the slump for the index even further.
Even though the Nikkei has lost plenty of ground in the last two days of trading, it is still 46 per cent up for the year, which is above many of the major global markets.
Learn about the Asian markets and CFD trading at City Index
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.