Japanese Stocks Plunge Amid Rate Hike and US Economic Concerns

Nikkei 225 sees largest single-day drop since 2020 as novice investors face uncertainty.

Japan's Nikkei 225 index fell 5.8%, closing at 35,909.70, its biggest drop in four years.
The Bank of Japan raised interest rates to 0.25%, deviating from its traditionally dovish policy.
US economic weakness, including rising unemployment and slowing manufacturing, contributed to market volatility.
Novice investors, encouraged by a new tax-exempt program, are particularly affected by the stock downturn.
Market analysts predict continued volatility with potential further rate hikes in the coming months.