Nikkei plunges to 4-month low as inflation worries scare investors
Thu, May 13, 2021 12:42 PM

Nikkei plunges to 4-month low as inflation worries scare investors

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Japanese shares plunged on Thursday, with the Nikkei average hitting a four-month low, as SoftBank Group and expensive stocks were pummelled by U.S. inflation scare. The Nikkei dropped 2.49% to 27,448.01, hitting its lowest level since early January. Over the past three sessions, the index has lost 7.01%, its biggest three-day fall since the market turmoil in March 2020.

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