Fear Hits Japanese Banks, Nikkei Plunges, 10-Year Yield Negative for First Time Ever
Tuesday, February 9, 2016 12:27
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by Wolf Richter
Wolf Street
A banking crisis radiating out from Europe?
While China, Hong Kong, and some other Asian markets celebrated the lunar New Year and wisely kept their markets closed, all heck is breaking loose in Japan.
The Nikkei had risen 1% on Monday and was down “only” 18.8% from its recent high in June 2015, thus dodging not only the rout of most other markets that day but also the ignominious fate of being pushed, like so many other markets, below the blue line in my infamous Global Bear-Market Progress Report. The blue line indicates a decline of 20% or more. But that was like so yesterday.
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Source: http://financialsurvivalnetwork.com/2016/02/fear-hits-japanese-banks-nikkei-plunges-10-year-yield-negative-for-first-time-ever/?utm_source=rss&utm_medium=rss&utm_campaign=fear-hits-japanese-banks-nikkei-plunges-10-year-yield-negative-for-first-ti
