Former Federal Reserve Chairman Alan Greenspan speaks and markets move. Fortunately this time around, there was a rather muted response, as the Shanghai Composite lost 0.5% and Japanese indices lost 0.1%; U.S. stocks fell into negative territory erasing earlier gains. China’s B shares fared worse, but the reasoning behind the selling is beyond this summary post.
* Nikkei 225 Stock Average: -8.15 (-0.1%) to 17,696.97
* Nikkei 225 futures Osaka: -70 (-0.4%) to 17,660
* TOPIX 1st Section: -1.97 (-0.1%) to 1,738.11; Advancers 573 x decliners 1,024 (unchanged 134)
* JASDAQ: -0.18 (-0.2%) to 79.37
More on this topic
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Andy Xie on China’s Empty Apartments
(naked capitalism, 8/4/10)
Mixed News for Banks
(COTs Timer, 8/8/10)
