A combination of tepid U.S. economic data and an interest rate increase from the Bank of Japan sent richly-valued tech stocks tumbling last week. Then all hell broke loose on Monday with the main Japanese stock index tumbling 12.4% overnight–the most since America's 1987 stock market crash. Of course this Monday was nothing like Black Monday's 22.6% meltdown in terms of magnitude. Read More...
A combination of tepid U.S. economic data and an interest rate increase from the Bank of Japan sent richly-valued tech stocks tumbling last week. Then all hell broke loose on Monday with the main Japanese stock index tumbling 12.4% overnight–the most since America’s 1987 stock market crash. Of course this Monday was nothing like Black Monday’s 22.6% meltdown in terms of magnitude.
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