5% slide in the Nikkei....Ouch!
Nikkei hits 20-mth low after Wall St slides on U.S. political worries
"Negative sentiment has replaced logic, as is often the case during a sell-off. A third of the selling is induced by panic, another third by loss-cutting and the remaining third by speculators trying to make a profit from the market rout," said Takashi Hiroki, chief strategist at Monex Securities in Tokyo."The sell-off is triggered almost entirely by developments in the U.S. markets, rather than by negative factors unique to the domestic market."Treasury Secretary Steven Mnuchin called top U.S. bankers on Sunday amid the pullback in stocks and said he was calling a meeting of financial regulators to discuss ways to ensure "normal market operations".
https://www.yahoo.com/finance/news/n...062220247.html
Merry Christmas to all and may we have a better 2019!
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