Thursday, June 13, 2013

Japan Stocks and Abenomics Seems to be Turning into a Nightmare, Asian Stocks Fell Down More Deeper

Abenomics storm is going to nightmare, from Tokyo Stock Exchange we reported, the Nikkei crashed 6%, while the yen surged, causing US Dollar against Japanese Yen to lower to 94.00 Remember, not long ago it was well above 100.

Japan economic rollercoaster The "Abenomics" trade is unwinding massively, in what had been the world's hottest market. Now it seems to be turning into a nightmare.

It was a rout elsewhere in Asia.

Shanghai shed 2.7%.

Hong Kong fell 2.4%.

Thailand lost 4.6%.

Jakarta lost 1.25%.

India is down 1%.

Meanwhile, stocks and forex markets are down across Europe. In the US, there's a fairly big day coming up, with initial jobless claims, retail sales, and a big 30-years Treasury auction on tap, let we see how the details later

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