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Nikkei drops to one-week low

  • Japanese shares fell to a one-week low today and dropped to their largest one-day fall in three weeks after investors turned risk averse due to the downed Malaysian Airlines passenger jet shot down over Ukraine's eastern border.
  • The Nikkei sank 1% to 15,215.71, its lowest close since July 11. The index also fell 1.7% at one point during Friday's trading.
  • The Topix shed 0.8% to 1,263.29 at the close of trading in Tokyo. JPX-Nikkei Index 400 dropped 0.7% to 11,505.50.
  • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
Comments (5)
  • MisterJ
    , contributor
    Comments (631) | Send Message
     
    Wow! An index dropping to a one-week low is now worth an article at SA. This is really an amazing bull market. What's next: an article everytime an index makes a one-day low?
    18 Jul, 01:10 PM Reply Like
  • Brian Sanders
    , contributor
    Comments (684) | Send Message
     
    hahaahahaa. good stuff man..

     

    I still appreciate SA updating everyone though.
    18 Jul, 10:43 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11058) | Send Message
     
    I agree. This market can't handle and major downturn and the market participants are becoming more traders and less real investors. Sadly this market is supported by government and central bank illusionary backstops and easy money policies similar to the housing market the last run up. The end results will be the same.

     

    In the meantime, the market keeps rising by encouraging companies to take on more debt, buyback stock rather than invest, and move all profits and manufacturing away from the US. Clearly, we can see this is bad. As for Japan, the US is also invested in QE which has laid low Japan which has never recovered from their terrible decision. Let us hope we don't duplicate Japan with QE that doesn't end and an economy that doesn't grow for decades.
    20 Jul, 04:46 PM Reply Like
  • Brian Sanders
    , contributor
    Comments (684) | Send Message
     
    "This market can't handle and major downturn and the market participants are becoming more traders and less real investors."

     

    Evidence?

     

    "The end results will be the same."

     

    You been saying this for a while..

     

    "companies to take on more debt, buyback stock rather than invest,"

     

    buybacks are actually investments.
    20 Jul, 05:01 PM Reply Like
  • Patent News
    , contributor
    Comments (1320) | Send Message
     
    lol amazing response of misterj, look forward to your articles :)
    20 Jul, 02:57 PM Reply Like
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