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

Japan Is Re-Crisis-ing; Nikkei Plunges 300 Points From US Close; S&P’s Dead-Cat-Bounce Dead (ZeroHedge, Feb 4, 2014):

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…

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

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As has the S&P 500…

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Charts:Bloomberg

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