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Global Stock Market

Nikkei falls from two-month highs

Japan

Japan’s Nikkei closed lower on Monday after hitting a two-month high in the previous session, as investors booked profits and market heavyweight SoftBank Group fell after its investment arm Vision Fund reported another big quarterly loss. The Nikkei index closed down 1.06 percent to 27,963.47 points, while the broader Topix …

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Amazon incurs huge losses

A combination of high inflation, monetary tightening, and disappointing earnings led to a historic sell-off in Amazon shares since early 2022, which saw it lose nearly $1 trillion. Amazon shares fell; The e-commerce giant increased 4.3% on Wednesday, pushing its market value to about $879 billion from a record close …

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