Overseas Stock Indices Build on Recent Losses, Tokyo Plunges
European and Asian stocks follow U.S. markets lower on Tuesday, with Japanese and Hong Kong indices notching up losses that mean they are down well over 10% from year-end highs.
European and Asian stocks follow U.S. markets lower on Tuesday with Japanese and Hong Kong indices notching up losses, that mean they are down well over 10% from year-end highs, placing them firmly in "correction" territory. SoftBank is a lonely riser in Tokyo after a report suggested U.S. telecoms regulators probably wouldn't let its Sprint unit buy T-Mobile USA, while in Amsterdam weak fourth-quarter results push telecom KPN lower.
