Stocks Suffer Further as Third Quarter Begins

July 1, 2010

The Nikkei lost another 2.0% to 9192.  Japanese stocks have plunged 10.2% since June 21 and 18.5% since April 15, roughly reversing half the prior recovery from the low in early March 2009.  Elsewhere in the Pacific Rim, stocks fell overnight by 1.4% in Indonesia and China where a disappointed PMI reading was announced, 1.5% [...]

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