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Premarket: Stock futures off lows after Nikkei plunge Add to ...

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Stock futures are suggesting significant losses when U.S. and Canadian markets open this morning, but not nearly to the same degree as what was seen overnight in Asia and so far this morning in Europe.

Japan's Nikkei took a brutal fall overnight, losing more than 7 per cent in heavy volumes, as the value of the yen spiked as much as 2.3 per cent against the U.S. dollar. It was the biggest one-day loss in Japanese equities in more than two years, but still only represents a fraction of that market's rally so far this year as investors bid up stocks in the wake of Prime Minister Shinzo Abe's massive stimulus program. Japanese 10-year bond yields surged to their highest level in more than a year.

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