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Wednesday, June 05, 2013

Japan stocks sink on Abe speech, lead Asia losses - Asia Markets - MarketWatch

Japan stocks sink on Abe speech, lead Asia losses - Asia Markets - MarketWatch

In Japan, the Nikkei Stock Average JP:NIK -3.26% rose more than 1% as Abe began his much-anticipated speech, but staged a swift reversal within minutes before ending the session 518.89 points, or 3.8%, lower at 13,014.87. The decline was the fifth time in the last two weeks when the Nikkei fell more than 3% in a single day. 

The Nikkei avg. is down about 20% from its recent peak. Interesting times.

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