Japanese stocks were hit hard Friday, capping off a volatile week in the financial markets with a near 6% selloff and a day of recalculation and growing pessimism.
“The government wanted the yen to be stronger but not a landslide drop in equities,” said Shoki Omori, chief desk strategist at Mizuho Securities.
In the span of less than a month, the 225-issue Nikkei average went from all-time records to a shocking rout. It is now down almost 15% from its all-time high.
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