Japan Shares Plunge Following Negative Chinese Data

Japanese share prices Thursday experienced their worst one-day decline in two years, following the release of unexpectedly negative Chinese manufacturing data.

The Nikkei 225 index closed down 7.3 percent, ending 1,143 points lower than when the day began. It was the eleventh largest point drop in Nikkei history.

Japan’s Topix index plummeted nearly 7 percent, the steepest one-day decline since Japan’s devastating 2011 earthquake and tsunami.

Earlier, a survey released by HSBC …

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