A perfect storm: weak US jobs data, Middle East tensions, and Japan's policy shift ignite global market chaos. Is this the beginning of the end for the bull market? Octa broker takes a deep dive into Monday's market meltdown. The seeds of what would become a tumultuous Monday for Asian markets were sown during the…
The market panic that began in the U.S. quickly spread to Asia, with Japan bearing the brunt of the sell-off. The Nikkei 225, Japan’s benchmark stock index, suffered its most catastrophic decline since the infamous Black Monday of 1987, plunging by a staggering 12% within just six hours. While the looming threat of a U.S.
Mirroring the broader market meltdown, the cryptocurrency market experienced a dramatic flash crash, with the price of Bitcoin plummeting sharply. The primary catalyst for this steep decline was the same as that for traditional equities: widespread investor fear of a potential U.S. recession ignited by the unexpectedly weak NFP report.
A perfect storm: weak US jobs data, Middle East tensions, and Japan's policy shift ignite global market chaos. Is this the beginning of the end for the bull market? Octa broker takes a deep dive into Monday's market meltdown. The seeds of what would become a tumultuous Monday for Asian markets were sown during the…
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Source: GuardianNigeria - 🏆 1. / 94 Read more »