Groundhog Day in Japan

Last month, we highlighted the streak of 25 straight down days in Vietnam's benchmark stock index (It is now running an eight day streak of positive returns).  Currently, Japan is working on its own streak of days with negative returns.  Over the last ten trading days, the Nikkei 225 has finished the session down every single day for a total loss of 8.1%. 

Since 1970, this is the index's third streak of ten negative days.  In each of the prior periods, the Nikkei managed to have an up day both times, and was also positive over the next week.

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