Tokyo stocks experienced a sharp downturn on Wednesday morning, with the Nikkei 225 index plummeting over 4% at one point, driven by disappointing U.S.
Nikkei 225 was mainly range-bound on Monday but on Tuesday, the Japanese stocks were marginally lower. At the time of publication, Nikkei 225 Index was down by 0.2 percent at 38,621.
BYD Limited, China’s leading automobile manufacturer, has posed a challenge to Toyota in its home market by launching its latest electric vehicle, the Seal EV, in Japan.