Tokyo's Nikkei Stock Market Posts Steep Drop

TOKYO, JAPAN - AUGUST 05: A pedestrian walks past monitors displaying the Nikkei 225 Stock Average figure outside a securities firm on August 05, 2024 in Tokyo, Japan. The Nikkei 225 index in Tokyo experienced a significant decline, plunging nearly 7% on August 4, 2024, as it fell to around 33,488.08 points shortly after the market opened. This drop, which came close to being a historic sell-off, is part of a broader global sell-off driven by concerns over the U.S. economy's stability amid high interest rates and disappointing hiring data, which has erased earlier gains that brought the Nikkei to all-time highs earlier this year. (Photo by Tomohiro Ohsumi/Getty Images)