Australia, Japan sell-off amid global rout; Nikkei drops 5.4%

tokyo cc

It is no small thing when one of the world’s great stock markets loses 1/20 of its value in a day. It happens though.

(From CNBC)

The Nikkei 225 tumbled, closing down 918.86 points, or 5.40 percent, at 16,085.44, falling for five of the past six sessions…

…”These markets need a strong shake up and sharp downside move, followed by a wave of buying to settle things down. But until that comes there will be no clarity, absolutely no confidence and a bucket load of concern,” he added. “There’s concern the volatility will feed through into real economics and central banks will be pretty much powerless to stop it.”

Click here for the article.

You have 0 items in your cart. Proceed to checkout?
Yes, please!