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Tokyo Hits 28-Year Low Amid Global Rout
CNBC ^ | June 4, 2012 | By: Reuters with

Posted on 06/04/2012 3:23:45 AM PDT by Islander7

The Tokyo market slumped to a 28-year low on Monday as Asian shares dived on fears of a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China.

Investors hedged against global financial and economic crisis, heading for havens such as the benchmark 10-year Japanese government bond whose yield fell below 0.80 percent to its lowest since July 2003. Ten-year JGB futures prices jumped to a 19-month high.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Extended News; Foreign Affairs; Japan; News/Current Events
KEYWORDS: benbernanke; business; economy; japan; marxists; timgeithner; wallstreet
Japan's shares fell sharply, with the broader Topix index hitting a 28-year low, as investors rushed to sell riskier assets on disappointing U.S. jobs data, deepening debt woes for the euro zone and slowing Chinese growth.
1 posted on 06/04/2012 3:24:09 AM PDT by Islander7
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To: Islander7

Japan seems to be catching up with the 2.5% downturn in US stocks that occurred after the Japanese market closed on Friday.

At the moment the US stock market futures are in the plus column.

2 posted on 06/04/2012 3:42:57 AM PDT by Presbyterian Reporter
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To: Islander7
“0” will save the world today.. He is gonna make all illegal drugs available thru the government health plan by executive order.

This will assure he will get voted in again. The drug cartels and the rag heads will dissolve due to lack of money. They can no longer buy weapons and peace will embrace the earth!

“0” will truly become the “one”

3 posted on 06/04/2012 4:02:32 AM PDT by primatreat (I am really tired of "0"s slinging shit toward the middle class.)
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To: primatreat
The new meme from the WH will be you don't change Captains in the middle of a hurricane.

Guess he never saw the Caine Mutiny.

4 posted on 06/04/2012 4:10:11 AM PDT by AU72
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To: Islander7

The Nikkei is not at similar lows. I believe the Nikkei lows of 2003 and 2009 have not been breached yet.

5 posted on 06/04/2012 4:11:56 AM PDT by Presbyterian Reporter
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To: All

What are the emergency measures that the US stock markets take when the plunge starts? Do we have an automatic shut-off?

6 posted on 06/04/2012 4:15:16 AM PDT by newnhdad (Where will you be during the Election Riots of 2012/2013?)
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To: Islander7

Euro Markets Called Sharply Lower After Asia Sell-Off at CNBC Mon 1:08AM EDT

As of 7am EDT Europe markets are flat from Friday’s close.

7 posted on 06/04/2012 4:31:32 AM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

except for Rick Santelli the folks at CNBC are having a bad day.

8 posted on 06/04/2012 4:41:13 AM PDT by scooby321 (h tones)
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To: newnhdad

9 posted on 06/04/2012 4:45:59 AM PDT by John W (Viva Cristo Rey!)
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