NIKKEI 225 DOWN 6.4%
June 13th, 2013Via: Bloomberg:
Japanese stocks plunged, with the Nikkei 225 (NKY) Stock Average entering a bear market at the close, as the yen rose to its strongest against the dollar in two months. All shares on the gauge fell for the second time this year.
All 33 industry groups declined on the broader Topix index, which sank 4.8 percent to 1,044.17 at the close in Tokyo. The Nikkei 225 slumped 6.4 percent to 12,445.38, its lowest since April 3 and the third fall of more than 5 percent in the past month. The gauge dropped 20 percent from its May 22 high, passing the threshold some investors use to define a bear market and wiping 42.7 trillion yen ($453 billion) from market value. Nikkei 225 futures lost 6.3 percent in Osaka.
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