Brutal Selloff Skims Froth From Japan’s $6 Trillion Stock Market

Japanese equities shed $1.1 trillion in value as they kicked off August with a record three-day loss. For bullish investors, that’s providing a fresh reason to buy what has been one of 2024’s hottest trades.

The stocks that were hit the hardest are the ones that had soared the highest, bringing prices down to more attractive levels. The valuation improvement campaign that has boosted the international appeal of Japanese shares continues apace, and some of the froth has been removed from the now $6.1 trillion market.