Japanese stocks take a dive like never before! Could it be worse than your Monday blues? ๐ฑ
Japanese stocks are taking a nosedive and it's more stomach-churning than your Monday morning meetings! UBS is waving a red flag, saying 'Going into Japan now is like catching a falling knife.' Ouch! The Nikkei 225 and the Topix extended their declines, falling past 7% on the day, teetering on the edge of bear market territory. Itโs not just Japan; markets around the world are reeling.
On Monday, the Nikkei was feeling another blow, down 13%. European shares are also joining the pity party, hovering near their six-month lows. For our friends Down Under in Sydney and those across the pond in London, things arenโt looking much sunnier. The Japanese stock dive on Monday even managed to exceed their infamous 1987 'Black Monday' loss. Is anybody sure what day of the week it is? Because it kind of feels like Monday everywhere.
The uncertainty surrounding the health of the U.S. economy is pitching its unwelcome tent in markets across Asia. Japanese shares are not the only ones feeling under the weather; share indices around Asia are catching the cold too. A rout that began in Asia has spread like wildfire โ there's just no stopping it. Europe is catching the contagion and by the looks of it, U.S. stocks are also bracing for a whack.
Japan's benchmark index got hit so hard it logged its worst single-day point decline. Markets are shaken and stirred, and brokers are probably swearing off sushi for a while. But wait - before you think the sky is falling, let's shake things up with a fun fact! Did you know that the Nikkei 225 was first calculated back in 1950? Thatโs more than 70 years of roller-coaster rides!
Speaking of roller coasters, if the financial market ups and downs have got you dizzy, here's another nugget: Japan once built a full-scale 18-meter tall Gundam robot. Yes, a real-life giant mech! Maybe we need one to defend against this market mayhem. Until then, keep your seatbelts fastened, it's going to be a bumpy ride!
The Nikkei 225 and the Topix extended their declines, falling past 7% on the day, and hovering close to bear market territory.
SYDNEY/LONDON, Aug 5 (Reuters) - Stock markets tumbled on Monday, with Japanese shares at one point exceeding their 1987 "Black Monday" loss, as fears of a ...
Fears about the health of the US economy are hitting Japan's stock market and share indices around Asia.
A rout that began in Asia continued in Europe, and U.S. stocks are set to fall. Japan's benchmark index logged its worst single-day point decline.