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Why Global Market Is Falling? | Global Markets Today: Japan’s equity rout entered a third day as weak US jobs data added another blow to global investor confidence that is already fragile from the surge in the yen, higher interest rates and tensions in the Middle East.
The Topix and Nikkei 225 Stock Average gauges slid more than 7% in morning trading in Tokyo, driving the their drops to about 20% – a loss that signals a bear market. Both benchmarks headed for three-day declines that would be the worst since the 2011 tsunami and Fukushima
nuclear meltdown. A circuit breaker halted trading of Topix futures for about 10 minutes.
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