TOKYO (AP) — Japan’s Nikkei 225 share index plunged more than 12% on Monday as investors worried that the U.S. economy may be in worse shape than had been expected dumped a wide range of shares.
The Nikkei index shed 4,451.28 to 31,458.42. It dropped 5.8% on Friday and has now logged its worst two-day decline ever, dropping 18.2% in the last two trading sessions.
At its lowest the Nikkei plunged as much as 13.4%. Its biggest single-day rout was a drop of 3,836 points, or 14.9%, on the day dubbed “Black Monday” in October 1987. It suffered an 11.4% drop in October 2008 during the global financial crisis and fell 10.6% during the aftermath of massive earthquakes and nuclear meltdowns in northeastern Japan in March 2011.
Share prices have fallen in Tokyo since the Bank of Japan raised its benchmark interest rate on Wednesday. The benchmark is now about 3.8% below the level it was at a year ago.
The wave of selling hit all sorts of companies.
Toyota Motor Corp.'s shares dropped 11% and Honda Motor Co. lost 13.4%. Computer chip maker Tokyo Electron dived 15.8% and Mitsubishi UFJ Financial Group plunged 18.4%.
A monitor shows the Nikkei 225 stock index in Tokyo, Monday, Aug. 5, 2024, indicating at one point, over 2,537 points of lowering. (Shohei Miyano/Kyodo News via AP)
CLEVELAND (AP) — Lane Thomas and José Ramírez hit back-to-back eighth-inning homers and Joey Cantillo pitched five scoreless innings as the AL Central-leading Cleveland Guardians beat the Tampa Bay Rays 6-1 on Saturday night.
The Guardians remained three games ahead of second-place Kansas City in the division with 13 games remaining. Cleveland has the best home record in the AL at 44-27 and is 85-64 overall, second in the league to the New York Yankees.
Josh Naylor’s two-run single through a drawn-in infield ignited a three-run sixth that extended Cleveland’s lead to 4-0. David Fry added a sacrifice fly off Tyler Alexander (6-5), scoring Ramírez, who had been intentionally walked for a franchise-record 88th time.
Thomas and Ramírez tacked on solo homers in the eighth against Hunter Bigge.
Cantillo (2-3) gave up three hits, walked one and struck out six in his sixth start in the majors. The left-hander threw 6 2/3 perfect innings — and worked a career-high seven — in earning his first win Monday at the White Sox.
Junior Caminero had a career-high three doubles for Tampa Bay, driving in the team's only run in the eighth. The Rays fell to 4-5 on a 10-game trip through Baltimore, Philadelphia and Cleveland and are six back for the third AL wild card.
Cleveland went ahead 1-0 in the sixth on Brayan Rocchio’s double to right, scoring Andrés Giménez. Jhonkensy Noel also attempted to come home, but was thrown out on a relay from second baseman José Caballero.
Tampa Bay appeared to score in the fifth on Jose Siri’s single, but a replay review overturned the safe call at home on Josh Lowe. Thomas’ throw and Austin Hedges’ tag just beat Lowe’s left hand to the plate.
TRAINER’S ROOM
Rays: 2B Christopher Morel (right Achilles discomfort) was held out of the lineup one day after being removed in the third inning in Cleveland. Manager Kevin Cash said Morel “feels better now than he did when he came out of the game.”
Guardians: OF Steven Kwan (mid-low back tightness), who was a late scratch Friday, is considered day to day and will not be placed on the injured list. The All-Star left fielder underwent medical tests that revealed no structural damage.
UP NEXT
Rays RHP Taj Bradley (6-10, 4.40 ERA) takes on Guardians RHP Ben Lively (11-9, 4.01 ERA) in the four-game series finale. Lively was struck on his right leg by Dominic Fletcher's liner in his last start Tuesday at the White Sox, exiting after 1 2/3 innings.
AP MLB: https://apnews.com/hub/mlb
Tampa Bay Rays' Drew Rasmussen pitches in the first inning of a baseball game against the Cleveland Guardians, Saturday, Sept. 14, 2024, in Cleveland. (AP Photo/Sue Ogrocki)
Tampa Bay Rays' Josh Lowe, left, is tagged out by Cleveland Guardians catcher Austin Hedges, right, in the fifth inning of a baseball game Saturday, Sept. 14, 2024, in Cleveland. (AP Photo/Sue Ogrocki)
Tampa Bay Rays' Josh Lowe (15) steals second base under a tag by Cleveland Guardians second baseman Andres Gimenez, front left, in the fifth inning of a baseball game Saturday, Sept. 14, 2024, in Cleveland. (AP Photo/Sue Ogrocki)
Tampa Bay Rays' Jose Caballero tosses his bat after striking out in the fourth inning of a baseball game against the Cleveland Guardians, Saturday, Sept. 14, 2024, in Cleveland. (AP Photo/Sue Ogrocki)
Cleveland Guardians' Jhonkensy Noel, left, is tagged out at home plate by Tampa Bay Rays catcher Logan Driscoll, right, in the fifth inning of a baseball game, Saturday, Sept. 14, 2024, in Cleveland. (AP Photo/Sue Ogrocki)
Tampa Bay Rays' Tyler Alexander pitches in the fifth inning of a baseball game against the Cleveland Guardians Saturday, Sept. 14, 2024, in Cleveland. (AP Photo/Sue Ogrocki)
Cleveland Guardians' Joey Cantillo pitches in the first inning of a baseball game against the Tampa Bay Rays, Saturday, Sept. 14, 2024, in Cleveland. (AP Photo/Sue Ogrocki)
Tampa Bay Rays' Junior Caminero, left, gestures from second base after hitting a double in the fourth inning of a baseball game against the Cleveland Guardians, Saturday, Sept. 14, 2024, in Cleveland. Guardians second baseman Andres Gimenez, right, looks on. (AP Photo/Sue Ogrocki)
Cleveland Guardians' Jose Ramirez, left, scores behind Tampa Bay Rays catcher Logan Driscoll, right, in the sixth inning of a baseball game Saturday, Sept. 14, 2024, in Cleveland. (AP Photo/Sue Ogrocki)
Cleveland Guardians' Lane Thomas, left, gestures from second base in front of Tampa Bay Rays second baseman Jose Caballero (7) after hitting a double in the sixth inning of a baseball game Saturday, Sept. 14, 2024, in Cleveland. (AP Photo/Sue Ogrocki)
Cleveland Guardians' Josh Naylor, right, hits a single in front of Tampa Bay Rays catcher Logan Driscoll, left, in the sixth inning of a baseball game Saturday, Sept. 14, 2024, in Cleveland. (AP Photo/Sue Ogrocki)
