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Tokyo Stocks Hit 28-Year Low Amid Global Rout...

By: Decomposed in ROUND | Recommend this post (0)
Mon, 04 Jun 12 4:05 PM | 40 view(s)
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It's pretty straight-forward. Over here, the dollar is stronger than the euro, so the dollar shoots up and ths stock market tanks. In Japan, the yen is stronger than the dollar... and we get the expected result.

I'm glad I have yen. 

Tokyo Hits 28-Year Low Amid Global Rout

Published: Monday, 4 Jun 2012 | 6:18 AM ET

By: Reuters with CNBC.com

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.
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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.

More: http://www.cnbc.com/id/47668274




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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