What Analysts Say About Nikkei's Mid-Afternoon Drop: Roundup
- Japanese benchmarks plunge, then recoup some losses by closing
- ‘Nothing to worry about,’ one analyst says; rebound may come
Japan's Nikkei 225 Has Highest Close Since 1992
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In Tokyo today, it was not an afternoon for a stock trader to catch up on the latest research reports.
In a little over an hour, what had been another solid rally in Japanese stocks turned into some rather sharp clear-air turbulence, with the Nikkei 225 Stock Average plunging about 3.6 percent from the afternoon-session high to its low for the day.