Japan Market hits four-month low on U.S. monetary tapering fears
Japan share market plummeted to four-month low on Thursday, 13 May 2021, extending losing streak to third session in row on tracking slump on Wall Street overnight, as faster-than-expected rise in consumer prices in the month of April fuelled inflation fears and rekindled concern that the Federal Reserve will be forced to bring forward monetary stimulus tapering sooner than current guidance. At closing bell, the 225-issue Nikkei Stock Average stumbled 699.50 points, or 2.49%, to 27,448.01, below the psychologically important threshold of 28,000 for the first time since Jan. 29. The broader To...