Markets in Asia fall after rough week on Wall Street; Japan's yen slides to two-decade-low
CNN
Asian markets and US stock futures fell Sunday night, days after the Dow fell 880 points on a surprising inflation report.
Japan's Nikkei tumbled 2.9%, as the Japanese yen weakened to the lowest level in more than 20 years. The Japanese currency has declined rapidly in recent months because of a strong greenback and ultra-loose Japanese monetary policy.
The Japanese central bank and government warned in a rare joint statement on Friday that they are concerned about the sharp falls, suggesting a potential intervention by Tokyo to stem the decline.
After recent burglaries at homes of professional athletes – including Kansas City Chiefs stars Patrick Mahomes and Travis Kelce – the NFL and NBA have issued security memos to teams and players warning that “organized and skilled groups” are increasingly targeting players’ residences for such crimes.