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When Markets De-Risk, But Not Decouple (from China)

Market Depth

CHAPTER

The Sharp Pullback in Japan Equities

Japan equities were poised to automatically have to sell on rebalancing today. But just knowing that fact ahead of time, which like everyone does, it doesn't mean that Japan equities are going to directly go down because there's an anticipated month and rebalance cell flow coming. And so the sharp pullback in Japan equities today, and then the topic indices as well as in single stocks, this happened on some serious trading volume. Okay. For the cash equity market today in Japan, the notional value of stocks traded on the Tokyo stock exchange was almost 7 trillion yen. So that's over double the average notional volume. It's also the biggest single day of value

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