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Nikkei 225 falls more than 5%, hovering near bear market territory, as Asia-Pacific sell-off continues
CNBC ^ | 8/4/2024 | By Lim Hui Jie

Posted on 08/04/2024 6:51:20 PM PDT by NohSpinZone

Asia-Pacific markets continued Friday’s sell-off as investors awaited key trade data from China and Taiwan this week, as well as central bank decisions from Australia and India.

At these levels, both the Nikkei and Topix are nearing bear market territory, having fallen almost 20% from their all-time highs on July 11.

Monday’s decline follows Friday’s rout when Japan’s Nikkei 225 and Topix fell more than 5% and 6%, respectively. The broader Topix marked its worst day in eight years, while the Nikkei marked its worst day since March 2020.

In early Monday trading, the yen also strengthened to its highest level against the dollar since January, and was last trading at 145.42.

On Monday, S&P Global will release service sector activity figures for countries around the region, including India and China.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: bidenomics; bonds; japan; nikkei; selloffs; stocks
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To: SaveFerris

There should be a Harris “I did that!” picture too.


21 posted on 08/04/2024 7:41:18 PM PDT by moviefan8
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To: NohSpinZone

The market is pricing in the possibility of Harris’ election victory in November. Up until now, it was bullish on Trump returning to the White House.


22 posted on 08/04/2024 7:42:37 PM PDT by MinorityRepublican
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To: Prince of Space

Awesome lol

I bought some buy a guy bought an order from me


23 posted on 08/04/2024 7:45:19 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Sarah Barracuda

Black Mon 1987 started with a Friday afternoon selloff (100 points, which was a big deal back then).


24 posted on 08/04/2024 7:45:25 PM PDT by xoxox
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To: lightman

hurts everyone.


25 posted on 08/04/2024 7:45:40 PM PDT by xoxox
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To: moviefan8

Hopefully she doesn’t stand a chance of getting resident

Go Trump!!!!!


26 posted on 08/04/2024 7:46:14 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: MinorityRepublican

perhaps the least nefarious of possible catalysts but must be accorded a certain probability all the same.


27 posted on 08/04/2024 7:46:16 PM PDT by xoxox
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To: Sarah Barracuda

Crypto sell off as well. Big dump.


28 posted on 08/04/2024 7:47:18 PM PDT by KC_Conspirator
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To: mware

At this point, people are predicting it.


29 posted on 08/04/2024 7:47:49 PM PDT by KC_Conspirator
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To: doc maverick

Trump’s spending was pretty bad too. At least it went for some tangible things and didn’t all disappear to green cronies.


30 posted on 08/04/2024 7:49:50 PM PDT by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: xoxox

Yup, I’m hurting—but the Dems own it.


31 posted on 08/04/2024 7:50:26 PM PDT by lightman (I am a binary Trinitarian. Deal with it!)
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To: VTenigma
Trump’s spending was pretty bad too. At least it went for some tangible things and didn’t all disappear to green cronies.

...or to thugs and terrorists like Zelenscky and Iran.

32 posted on 08/04/2024 7:52:56 PM PDT by lightman (I am a binary Trinitarian. Deal with it!)
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To: NohSpinZone

Up 16% this - but out tmrw


33 posted on 08/04/2024 7:55:57 PM PDT by 11th_VA (Celebrate Climate Change !!!)
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To: NohSpinZone
First China...then Western Europe...then the US....

Have been writing economic posts about this since last year.

China has fallen.

Western Europe has fallen.

Guess what's next...

34 posted on 08/04/2024 7:57:00 PM PDT by politicket
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To: Prince of Space

I put some at Kroger’s meat case.


35 posted on 08/04/2024 7:57:26 PM PDT by hardspunned (Former DC GOP globalist stoogeas)
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To: mware

“With Harris announcing VP pick in the next few days. It’s only going to get worse. People are afraid she could win.”

Her becoming POTUS scares the heck out of me! The only thing scarier are the RINOS and voters supporting her.


36 posted on 08/04/2024 7:57:57 PM PDT by Chgogal (To paraphrase Biden: You vote Democrat? Then you ain't smart.a)
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To: mware

Trumps shooting is out of the news cycle, and between him not wanting to debate and Vance, Trump is behind in the polls.

Not sure if that is hitting the markets or just the reality of high unpayable debt


37 posted on 08/04/2024 7:58:01 PM PDT by redgolum
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To: NohSpinZone
Cash is King in the economic realm. You want to be as close to "ownership" as you can, and be as liquid as you can.

This is why my investments are in 4-wk US Treasuries in a laddered approach.

25% of my holdings matures every week. Right now I just reinvest back into Treasuries, and use the accrued interest to buy more treasuries.

38 posted on 08/04/2024 7:59:48 PM PDT by politicket
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To: lightman

Them too, thanks for the reminder. Also Trump’s spending was baked in by continuing resolutions.


39 posted on 08/04/2024 8:00:33 PM PDT by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: redgolum
Trumps shooting is out of the news cycle, and between him not wanting to debate and Vance, Trump is behind in the polls.

Sure thing, RINO.

Let's try talking facts next time?

40 posted on 08/04/2024 8:00:57 PM PDT by politicket
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