Asian equities advance as Yen steadies after drop: Markets wrap
Asian stocks advanced Tuesday, led by Japanese equities, while the yen steadied after weakening against the dollar over the past week. Japanese stocks rose alongside Hong Kong equity futures, while shares in Sydney were little changed. US contracts edged lower ahead of Wall Street reopening later Tuesday, following the Labor Day public holiday. The yen…
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Margin trading in Japanese stocks sharply shrinks after market rout
Trading using borrowed money, or margin trading, in Japan’s stock market fell sharply last week as investors were forced to dump stocks during the Nikkei index’s biggest fall in nearly 40 years. BY THE NUMBERS Margin trading, which involves using borrowed cash from brokerages to ramp up bets in the stock market, is popular among…
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Japan stocks tumble in biggest 2-day rout since 2011 tsunami
What started as a nasty drop in Japanese stocks on Thursday turned into a full-blown rout on Friday as the Topix index posted its biggest two-day decline since the 2011 tsunami. Itβs a stark turnaround from the record high set in July, when Japanese equities were being celebrated as one of the worldβs best-performing markets….
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