Friday, October 31, 2008

Japanese Markets Posts Biggest Fall Ever

The benchmark ended the month of October down 24 percent, its biggest monthly fall in its 58-year history as fears over a global recession battered investor willingness to take on riskier assets.

Market players also said short-term profit taking was inevitable after the Nikkei gained nearly 30 percent in the three-day rally to Thursday..

Read more Nikkei drops 5 pct, posts biggest monthly fall ever

Source: The Guardian

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