Nikkei slides for second day in a row on weak US data

Anna Fedorova
clock

Japan's Nikkei index slid for the second day in a row on Tuesday, after weak economic data in the US made investors wary of taking on risk.

The index fell 0.6% to 15,814 in mid-morning trading on Tuesday, adding to the 2.4% loss on Monday, and is down 3% this year to date. Losses followed the release of data from the Institute for Supply Management which showed the pace of growth in the US services sector slowed again in December. US markets were also hit on the news, with both the S&P 500 and the Dow Jones sliding 0.3% overnight. This means the S&P 500 index has had three losing sessions in a row in the first week of the New Year, down 1.2% in total year to date. The next key data point comes later this week with t...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot