In case you missed it, Hong Kong’s Hang Seng index joined Japan’s main stock index in entering correction mode.In other words, both indexes have fallen 10% from their recent peaks, meeting the common criteria for a correction. The Hang Seng did it on Tuesday, while the Nikkei did it Monday.
Other countries with benchmark indexes that also have achieved this distinction include Russia, Brazil and Turkey.The main indexes in the U.S. and Europe have sold off lately, but so far they’re staying away from correction territory.But it does not mean it cannot get there.
Other countries with benchmark indexes that also have achieved this distinction include Russia, Brazil and Turkey.The main indexes in the U.S. and Europe have sold off lately, but so far they’re staying away from correction territory.But it does not mean it cannot get there.