Spooked in part by a looming recession under the policies of Joe Biden and Kamala Harris in the United States, the Japanese stock market panicked on Monday and suffered its worst single-day sell-off in history, losing even more points than it did on “Black Monday” in October 1987.
the primary cause of the crisis was mounting fear of an outright U.S. recession in the closing days of Joe Biden’s troubled presidency: The Nikkei plunge was so dizzying that “circuit breakers” were triggered several times on Monday, temporarily locking down trades until the market stabilized. The Taiwanese and South Korean stock markets dropped as well, losing 8.4 percent and 8.8 percent respectively. It was the largest single-day drop in the history of the Taiwanese benchmark exchange.international investors are worried that “the Federal Reserve has been too slow to respond to signs the US economy was weakening, and might be forced to play catch-up with a series of rapid interest rate cuts.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow drops 864 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worriesNearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Source: denverpost - 🏆 13. / 72 Read more »
Dow drops 760 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worriesNearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Source: mercnews - 🏆 88. / 68 Read more »
Dow drops 760 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worriesNearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Source: denverpost - 🏆 13. / 72 Read more »
Dow drops 860 points, and Japanese stocks suffer worst crash since 1987 on U.S. economy worriesNearly everything on Wall Street is tumbling as fear about a slowing U.S. economy worsens and sets off another sell-off around the world.
Source: nbcchicago - 🏆 545. / 51 Read more »
Dow drops 1,000 points, and Japanese stocks suffer worst crash since 1987 on U.S. economy worriesNearly everything on Wall Street is tumbling as fear about a slowing U.S. economy worsens and sets off another sell-off around the world.
Source: nbcsandiego - 🏆 524. / 51 Read more »
Dow drops 860 points, and Japanese stocks suffer worst crash since 1987 amid U.S. economy worriesNearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Source: denverpost - 🏆 13. / 72 Read more »