by Wolf Richter, Wolf Street:

The Japanese Nikkei 225 stock index plunged 12.4% on Monday, after having plunged 5.7% on Friday, and 2.5% on Thursday, bringing the three-day drop since the Bank of Japan meeting on July 31 to 19.6%. On July 31, the BOJ announced the end of free money, a wakeup call for the free-money-addicted foreign investors.

Since the peak on July 10, over those three weeks, the index has crashed 25.5%, to 31,078 (from 42,224 on July 10).