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 ...
Black Monday is trending on X
Going to be a bumpy ride tomorrow.
The Biden-Harris Depression is churning....
My portfolio has taken quite a beating lately. Thanks a lot pedoJoe and Heels up Harris.
With Harris announcing VP pick in the next few days. Its only going to get worse. People are afraid she could win.
The democrat economy is so bad that it couldn’t even be held up artificially anymore….major correction. All brought on by democrat out of control spending and stealing from the taxpayers to subsidize 30million illegal aliens who don’t even have jobs.
Maybe the market crashing will wake people up to realize she will destroy this country
NAS100 - the tech stocks index- is down 450 points in overnight trading. NAS100 has lost 10% plus in the past three weeks.
NIVIDA is down another 6% at the moment. Apple is down 5.8%.
The Magnificent 7 are all down somewhere between 2 and 8% on top of the losses of last week. That’s Apple: (AAPL) Alphabet: (GOOGL)Amazon: (AMZN) Meta Platforms: (META) Microsoft: (MSFT)Nvidia: (NVDA) and Tesla (TLSA)
The dollar is down to 103.05.
Yeah, tomorrow is going to be a wicked ride.
Bitcoin crashing as well
[Black Monday is trending on X]
Sounds about right
Let’s hope she loses hugely in November.
Dow, S&P and NASDAQ futures getting hammered now.
And the yield on the 10yr bond is down to 3.79%.
Not looking good.
I got some of those as stickers from Amazon. I put them on gas pumps whenever I can.
Interesting that Buffet sold a bunch of Apple stock.
Buffet sold not just Apple stock, he sold a lot of Bank of America too - 12 days straight.
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