Japan Is Re-Crisis-ing; Nikkei Plunges 300 Points From US Close; S&P's Dead-Cat-Bounce Dead

Tyler Durden's picture

US and Japanese stocks began to fall the moment the bell rang in NYC on the end of the US day-session. By the times futures closed 15mins later, the S&P had already lost 6 points and the exuberance in the Nikkei had snapped back to USDJPY reality (100 points off its highs). As the evening progressed the dead-cat-bounce died with US and Japanese stocks tumbling to day-session lows. Dow futures are down 110 from the highs; S&P futures are down 16 points from the US session highs; and Nikkei futures - not helped by the 19th month in a row of falling YoY base wages - are testing 14,050, having dropped 300 points from the highs and removed all day-session gains. Stocks are re-crisis-ing as USDJPY tests back towards 101.

 

US and Japanese stocks started to crumble the moment cash closed in the US...

 

Nikkei snapped down to USDJPY at the close and has now lost all the gains of the day....

 

As has the S&P 500...

 

 

Charts:Bloomberg