Market Gauge

: The key market gauge last closed below 20,000 on July 10, according to The Japan Times. The Topix index of all first-section issues dived 50.87 points, or 3.13 percent, to end at 1,573.01, after dropping 24.60 points the previous day. The Nikkei 225 average plunged 597.69 points, or 2.98 percent, to finish at the day low of 19,435.83, the lowest closing level since May 8, 2015, after falling 189.11 points on Thursday. Both indexes extended their losing streak to a fourth session. The selling came after the Dow Jones industrial average skidded below 17,000 for the first time in some 10 months on Thursday in the wake of a slump in Chinese stocks. From the outset of Friday trading, heavy selling dealt a blow to the Tokyo market, pushing down the Nikkei average below 20,000 for the first time since July 13 on an intraday basis. (news.financializer.com). As reported in the news.