TOPIX index

Nikkei 225 plunges 7.1% amid global market turmoil

Japan’s Nikkei 225 plunged by up to 7.1% early Monday before regaining some ground. The index dropped more than 2,500 points at one stage. By midday in Tokyo, it had reduced its losses to about 5.5%, standing at 33,945.43, down roughly 1,900 points. The broader TOPIX index fell 7.8% at its lowest before recovering to a 6.6% decline. Friday saw…