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Whilst all the attention is on UK, IMHO the effect on Japan going forward is a big concern as well. Circuit breaker was even triggered in Japan stock market.
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‘Please Stop!’ Says Daiwa Trader, as Topix Sinks Most Since 2011
On Daiwa Securities Group Inc.’s Tokyo trading floor, traders spent most of the day on edge, with the atmosphere getting tenser with every tick in the market.
After forgoing their usual lunch break, minutes of frantically typing sell orders turned to hours as Japanese shares plummeted further. Local television crews were filming their reactions.
“It’s fallen 8 percent!” shouted one trader when the Nikkei 225 Stock Average broke below 15,000. Then came another, pleading with the market. “Please stop!” he said.
By the end of the day, Japanese shares had tumbled the most since the aftermath of the March 2011 earthquake, as Britons confounded markets and bookies by voting to leave the European Union.
The Topix index plunged 7.3 percent to 1,204.48 at the close, its biggest decline since March 15, 2011. Circuit breakers were triggered on futures for the Nikkei 225 Stock Average, Topix Core 30 Index and JPX-Nikkei Index 400 measures in Osaka after contracts fell 8 percent. As the yen surged, Japanese shares posted the biggest decline in Asian markets.
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‘Please Stop!’ Says Daiwa Trader, as Topix Sinks Most Since 2011
On Daiwa Securities Group Inc.’s Tokyo trading floor, traders spent most of the day on edge, with the atmosphere getting tenser with every tick in the market.
After forgoing their usual lunch break, minutes of frantically typing sell orders turned to hours as Japanese shares plummeted further. Local television crews were filming their reactions.
“It’s fallen 8 percent!” shouted one trader when the Nikkei 225 Stock Average broke below 15,000. Then came another, pleading with the market. “Please stop!” he said.
By the end of the day, Japanese shares had tumbled the most since the aftermath of the March 2011 earthquake, as Britons confounded markets and bookies by voting to leave the European Union.
The Topix index plunged 7.3 percent to 1,204.48 at the close, its biggest decline since March 15, 2011. Circuit breakers were triggered on futures for the Nikkei 225 Stock Average, Topix Core 30 Index and JPX-Nikkei Index 400 measures in Osaka after contracts fell 8 percent. As the yen surged, Japanese shares posted the biggest decline in Asian markets.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
http://thebluefund.blogspot.com