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Nikkei Futures Plunge in Chicago

July 27th, 2007 · 1 Comment

Nikkei 225 September futures trading in Chicago on the Mercantile Exchange lost 525 points Thursday to 17,270 (-2.95%). They traded as low as 17,055 (-4.15%) intra-day. Bad weather in Chicago didn’t help. We won’t make any “bears” jokes. Anyway, there is certainly more volatility these days in the U.S./Japan and Japanese stocks are particularly vulnerable with parliamentary elections this Sunday. PM Shinzo Abe is in for a long weekend and renewed, unwelcome political uncertainty may linger beyond, clouding the equities market. Recent yen strength will not help either.

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Tags: Market Summary

1 response so far ↓

  • 1 admin // Jul 27, 2007 at 6:59 am

    Singapore (SGX) Nikkei 225 futures open down 410 points to 17,270…

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