Concerns are mounting about the possibility of a recession or an even more severe financial crash as stock markets continue to decline.
Japan’s Nikkei 225 Index plummeted by an astonishing 4,451 points on Monday, a decrease of about 12 percent. This also represents a 25 percent drop since July.
SHOCK REPORT: Japan's two top stock market indices lose over ONE FIFTH OF THEIR VALUE or more than 20% since July.
— Chuck Callesto (@ChuckCallesto) August 5, 2024
The decline triggered circuit breakers and led to a broader impact on global markets, including drops in other Asia-Pacific indices and U.S. futures.
The Bank of… pic.twitter.com/v7zb0Qwn7p
Meanwhile, South Korea’s stock market declined by nearly nine percent, and India’s fell by just under three percent. Taiwan also had its worst day in 57 years, while cryptocurrency markets suffered significant losses.
BREAKING: 🇹🇼Taiwan's stock market crashes to worst day in 57 years – Bloomberg pic.twitter.com/y6cmyzY7Su
— Radar🚨 (@RadarHits) August 5, 2024
JUST IN: #Bitcoin plummets below $56,000. pic.twitter.com/cc5wYWpLKC
— Jacob King (@JacobKinge) August 5, 2024
The downturn is likely due to a variety of factors, including the Federal Reserve’s interest rate policies, geopolitical tensions, and the need for a correction in what some consider to be an overheated stock market.
What's happening in the stock market right now: pic.twitter.com/DGVpYeKsF4
— Compounding Quality (@QCompounding) August 5, 2024
The “Magnificent Seven” are losing billions overnight:
The magnificent 7 stocks erased over $500B of market cap in overnight trading.
— Jacob King (@JacobKinge) August 5, 2024
The bloodbath is just beginning. pic.twitter.com/LFDNJWpd7l
People are predicting bank collapses next:
BANK COLLAPSE NEXT https://t.co/SdIHkCGEhQ
— Chad Steingraber (@ChadSteingraber) August 5, 2024
BREAKING: The Japanese Stock Market is crashing…
— Matt Couch (@RealMattCouch) August 5, 2024
Here…. We…. Go….
Stolen Elections Have Consequences…
Trading has been halted… Buckle Up… It's about to get rough.. pic.twitter.com/NddT4iC60M
Last week, the Dow Jones experienced significant losses due to declines in technology stocks. This downturn followed a disappointing jobs report, highlighting weaknesses in the economy under Joe Biden.
Concerns about a potential economic recession have emerged, which could impact Kamala Harris’s presidential campaign.
Despite the administration’s claims of job creation and economic growth, many Americans are facing high inflation, which has eroded savings and increased living costs.
The economy remains a crucial issue for voters, with 73% identifying it as a top priority in recent Pew Research polling.
