Monday opened bleakly for investors, with all sorts of stocks falling on troubling news from Japan. The Bank of Japan raised interest rates by only 15 basis points -- from 0.1% to 0.25% -- but currency traders worry that even this tiny increase will threaten the yen carry trade, whereby traders borrow cheap money in yen, then use it to buy dollar-denominated debt to capture higher interest rates.

As this trend reverses, traders might sell U.S. debt and stocks to pay off their yen-denominated debts, strengthening Japanese markets but damaging U.S. investments.

Shares of Clorox (NYSE: CLX), Twilio (NYSE: TWLO) and (NASDAQ: TEAM) sold off this morning. The good news is that as the day wore on, panic was subsiding. As of 12:15 p.m. ET on Monday, Clorox was off only 0.5%, Twilio was down 3.8%, and Atlassian was actually up 1.6%. But why did these specific stocks fall in the first place?

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Source Fool.com