Nikkei

[ZZZzzzzzzz]

Nikkei falls over 2 pct as Internet stocks slide
Tue Jan 17, 2006 12:54 AM ET
(Updates to late afternoon)

TOKYO, Jan 17 (Reuters) - The Nikkei share average lost more than 2.2 percent on Tuesday, hit by losses in Softbank Corp. (9984.T: Quote, Profile, Research) as worries grew over the fallout from news that prosecutors searched the offices of rival Internet firm Livedoor Co. (4753.T: Quote, Profile, Research) .

The Nikkei was down 368.71 points at 15,899.32 as of 0544 GMT, falling below 16,000 for the first time since Dec. 28, 2000.

The broader TOPIX index was down 2.07 percent at 1,635.56.

<img src=http://ichart.finance.yahoo.com/b?s=%5EN225>

 

[Deringer]

The Nikkei has been absolutely lovely lately if you're long gamma.

 

[mhashe]

Quote from Deringer:

The Nikkei has been absolutely lovely lately if you're long gamma.

Anyone who trades the Nik 225 Saw this selloff coming from a mile away. Big money took the opportunity of some bad news in Japanese stocks to sell off and take huge profits after a good run last year.

 

[mokwit]

Agree. Huge volatility for last six weeks. Just look at increasing bar length on daily.