Japan's benchmark Nikkei Stock Average posted its second-biggest drop in history on Friday, August 2. This was reported by Nikkei Asia.
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The Nikkei stock index fell to 35,909.70, down 2,216.63 points, or 5.81%, the second-biggest fall in history after Black Monday in October 1987.
The Tokyo stock index fell 166.09 points, down 6.14%.
Chip-related stocks led the declines. Japanese chip maker Tokyo Electron fell about 12%, while test equipment maker Advantest fell 8%.
Financial stocks also fell. Daiwa Securities fell 19%, Mitsubishi UFJ Financial Group fell 12%, and Nomura Holdings fell 11%.
Other parts of Asia also saw declines. Taiwan's Taiex index fell by 4.43%, while South Korea's Kospi fell by 3.65%.
Recall
The Finance Ministry wrote that Intel shares fell by 26% after the American company announced radical plans to reduce the number of employees and capital expenditures.