HONOLULU (HawaiiNewsNow) - The Tokyo stock market lost 5 percent of its value overnight. Asia markets in general closed lower, and European markets have been lower this morning to a smaller degree.
Gold went over $1,300 an ounce. This was not a political statement, it was a business decision to shift money to safe havens unless the dust settled.
Cash shifted into the bond market, for example. The dollar rose 3 percent. It's a safe currency to invest in, but so is the yen, so it kept pace, and the exchange rate this morning is about the same for our Japanese guests as yesterday.