Japan's stock market just took a brutal hit.
More than ¥27.1 trillion ($173 billion) in market value vanished as the Nikkei dropped 2.3%, with weaker-than-expected PMI data triggering fresh selling. After Friday's sharp rally, traders also rushed to lock in profits, accelerating the selloff.
One trading session erased $173 billion. Markets can turn fast.
More than ¥27.1 trillion ($173 billion) in market value vanished as the Nikkei dropped 2.3%, with weaker-than-expected PMI data triggering fresh selling. After Friday's sharp rally, traders also rushed to lock in profits, accelerating the selloff.
One trading session erased $173 billion. Markets can turn fast.