Archive | October 14, 2008

Trying not to rain on the Tokyo stock parade

By on October 14, 2008 in Market Summary

Japanese stocks surged Tuesday, easily outpacing earlier double-digit U.S. and European advances, for their biggest one day rise ever (N225: +14.15%). Stocks “rallied” on news of concerted European action to shore up the region’s financial system, the promise of U.S. action and on expectation the Japanese government will follow suit. We experienced a not so [...]

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