Hedge funds hammer Japan stocks to worst plunge since ’87 (Reuters)

Employees of the Tokyo Stock Exchange (TSE) work at the bourse in Tokyo March 14, 2011. REUTERS/Issei KatoReuters – Japan’s Nikkei share average plunged 10.6 percent on Tuesday, posting the worst two-day rout since 1987, as hedge funds bailed out after reports of rising radiation near Tokyo. Many mutual funds were left on the sidelines, leaving them poised to dump shares into any rebound.

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