Japan stocks dive on Cyprus deposit-levy plan
LOS ANGELES (MarketWatch) -- Japanese stocks followed other Asian markets and U.S. index futures sharply lower Monday amid global jitters over Cyprus's plan to impose a levy on bank deposits as part of its bailout program. The Nikkei Stock Average fell 2% to 12,314.66, with the Topix down 1.6%, even as Dow Jones Newswires reported that Cyprus and its prospective international lenders may change the plan to protect small depositors. With the bailout plan causing a run on banks in Cyprus, financials and exporters took an especially heavy hit in Tokyo, with Sony Corp. and Mitsubishi UFJ
...
Read More
Tags:
Japan stocks dive on Cyprus deposit-levy plan,
Sony Latest News