Japanese Nikkei Index Reduces Losses After Credit Suisse Actions

The Japanese Nikkei index reduced its losses after reaching its lowest level in nearly two months during a volatile session, following Credit Suisse's announcement of plans to strengthen its cash position. This week saw sharp fluctuations in Japanese banks, causing the Nikkei index to drop below 27,000 points for the first time since January 23, amid fears of continuing crises following the collapse of Silicon Valley Bank and concerns regarding Credit Suisse. The Nikkei recovered some losses, closing down 0.8% at 27,010.61 points after falling to 26,633.92 points, its lowest level since January 20. U.S. stocks had also trimmed losses late in the Wednesday session, but the Dow Jones and S&P 500 indices ended the session lower.