Topix hits 28-year low

[shanrui_91]

I'd rather focus on Singapore for now. Sad to see Sony, once a giant, hitting a 32-year low.

Apparently, many of the gems have not come down significantly. I have thought that there will be buying opportunities once STI drops below 2700. The article below offers a good explanation. We need more panic!

http://www.cnbc.com/id/47677388

But for an index to drop to 28-years low is indeed very rare, especially when you are talking about Japan and not Euro Zone. It is like 30% of its peak in 2007 and even lower than the GFC 2008.