They're All Connected

As Japan's stocks plunge, other financial markets are threatened

The world's financial markets are so intertwined that when one itches, the others scratch. As mounting concerns over Japan's reeling economy sent Tokyo's stock exchanges into a dizzying vortex last week, markets from Amsterdam to Zurich did some rocking and rolling of their own. Tokyo's Nikkei average sank to 15,498 points, its lowest level in more than six years, while the London stock exchange fell 2.3% and Frankfurt shares dropped 5.4%. New York's Big Board sank 46 points, or 1.4%, in a week of generally bearish trading.

The Tokyo markets, which have plummeted 30% since January, staged a brief comeback Thursday....

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