Japanese Stocks Post a Record One-Day Plunge
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Traders find it’s not just another Monday at the Tokyo Stock Exchange--the benchmark Nikkei-225 index posted its biggest one-day plunge in seven months. It fell 780.28 points, or 4%, to 18,824.18. The Japanese market wasn’t alone: Declines in U.S. markets on Friday had exacerbated concern about the economic outlook for the region, sending stocks in Australia, Hong Kong, Singapore and Malaysia tumbling. Tokyo regained some ground when trading opened today, however. The Nikkei rose by nearly 200 points, to 19,017.
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