Asia: Market Mayhem Worsens
Aug. 16 began in Japan's capital city with a 4:15 a.m. earthquake and ongoing tremors that continued nearly right up to the opening of trading on the Tokyo Stock Exchange. That turned out to be the perfect metaphor for another day of heavy losses at that bourse—and even more ferocious ones in Asian emerging markets such as Seoul, Jakarta, and Manila, where stock prices plunged in the 6% to 7% range.
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