Monday was a day of records in Asian markets—the bad kind. The U.S. market rout that started last week extended its spread to Asia, with equity markets starting the week with massive drops, some by as much as double-digits.
Both major Japanese equity indices, the Nikkei 225 and the broader Topix index, dropped by over 12%. The former index, which tracks 225 companies listed on the Japanese stock market, lost over 4,400 points, its biggest loss in point-terms.
