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Japanese stocks fell 5%, and the technical adjustment of the Topix index is imminent
On August 2nd, as investor sentiment was hit by a strong yen and concerns about the health of the U.S. economy, Japanese stocks fell sharply, with the benchmark Topix index extending its early-session decline to 5%, led by financial stocks. The index is down more than 10% from its peak in July and is set to enter a technical correction. "This looks like a serious forced sell-off," said Andrew Jackson, head of Japan equity strategy at Ortus Advisors Pte. "I can imagine that many platform-based po...
2024-08-02 08:38:50
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