Japan's Nikkei stock index drops 9% in 2022 for 1st yearly fall in 4 years

The benchmark Nikkei stock index finished the year down 9.4 percent on Friday, its first yearly fall in four years, as Russia's war in Ukraine and fears over a potential global recession as the result of aggressive monetary tightening by central banks offset the impact of solid corporate earnings with the yen's historic fall.In the final trading day of the year, the 225-issue Nikkei Stock Average ended up 0.83 points, or 0.00 percent, from Thursday at 26,094.50. The broader Topix index finished 3.56 points, or 0.19 percent, lower at 1,891.71.On the top-tier Prime Market, gainers were led by…READ FULL ARTICLE