The yen carry trade is once again a hot topic in financial news, as the U.S. subprime induced liquidity crunch has rapidly spread fear of a collapse in bond and credit markets across the globe. Similar to the market turmoil this past late-February and early-March, Japanese equities have taken the worst beating with the Nikkei [...]
Archive | August 31, 2007
Nikkei Tracks U.S. Stocks Rally, Recoups About Half of Wednesday’s Losses
Thursday 8/30 Tokyo trading recap: * Nikkei 225 Stock Average: +140.99 (+0.9%) to 16,153.82 * Nikkei 225 futures Osaka: +150 (+0.9%) to 16,200, Singapore (SGX) 16,190, Chicago (CME) 8/29 — 16,375 * TOPIX: +10.68 (+0.7%) to 1,568.23; Advancers 1,096 x decliners 491 (unch. 135), New highs 10 x new lows 65; 28/33 sectors posted gains [...]
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