Panic Selling Hits Nikkei Futures!

Panic selling hits Nikkei futures! The week got off to a rough start for traders of Japanese stocks and stock index futures, as a probe into the internet company Livedoor Co. for possible securities law violations has caused investors to bale out of the Japanese market. The March Nikkei futures fell 380 points last night, a drop of 3%, on top of a 445 point decline the previous day. The Tokyo Stock Exchange had to end trading 20 minutes early, as the extremely heavy volume exceeded the computerized exchange's system capacity. Read More....