Japan’s Nikkei Plunges 9.4 Percent, Worst Drop in 21 Years

Japan’s Nikkei stock market plunged 9.4 percent on Wednesday as investors scrambled to drop stocks in an attempt to free themselves from the grips of the ongoing financial crisis that has consumed the markets.

The Nikkei percentage fall is the worst in 21 years and third worst ever as it dropped 952.58, stumbling to a five-year low of 9,203.32.

Over the past two weeks the Nikkei has plummeted 24 percent with car manufacturers taking massive hits. On Wednesday Toyota fell close to 12 percent while Nissan neared a 10 percent drop.

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