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 ...
There should be a Harris “I did that!” picture too.
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.
Awesome lol
I bought some buy a guy bought an order from me
Black Mon 1987 started with a Friday afternoon selloff (100 points, which was a big deal back then).
hurts everyone.
Hopefully she doesn’t stand a chance of getting resident
Go Trump!!!!!
perhaps the least nefarious of possible catalysts but must be accorded a certain probability all the same.
Crypto sell off as well. Big dump.
At this point, people are predicting it.
Trump’s spending was pretty bad too. At least it went for some tangible things and didn’t all disappear to green cronies.
Yup, I’m hurting—but the Dems own it.
...or to thugs and terrorists like Zelenscky and Iran.
Up 16% this - but out tmrw
Have been writing economic posts about this since last year.
China has fallen.
Western Europe has fallen.
Guess what's next...
I put some at Kroger’s meat case.
“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.
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
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.
Them too, thanks for the reminder. Also Trump’s spending was baked in by continuing resolutions.
Sure thing, RINO.
Let's try talking facts next time?
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