{"id":41197,"date":"2024-08-06T04:15:13","date_gmt":"2024-08-06T04:15:13","guid":{"rendered":"https:\/\/gyalchisarshog.com\/?p=41197"},"modified":"2024-08-06T04:15:18","modified_gmt":"2024-08-06T04:15:18","slug":"japan-stocks-jump-10-after-global-markets-slump","status":"publish","type":"post","link":"https:\/\/gyalchisarshog.com\/?p=41197","title":{"rendered":"Japan stocks jump 10% after global markets slump"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">BBC:   <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Japanese shares rebounded in Tuesday morning trade after plunging on Monday in a rout that sent shockwaves through global financial markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Nikkei 225 stock index rose by as much as 10% after slumping by over 12% the previous day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Monday&#8217;s market rout in Tokyo came after the Bank of Japan&#8217;s second rate hike in 17 years sent the yen soaring against the dollar making Japanese stocks &#8211; and the country&#8217;s exports &#8211; more expensive for foreign investors and buyers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.bbc.com\/news\/articles\/c6p224j24x0o\">Stocks in the US, the UK and Europe also fell on Monday<\/a>&nbsp;due to fears that the American economy is heading for a slowdown.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Shares in South Korea were also regaining ground on Tuesday. The Kospi stock index was up nearly 5% after falling 8.8% on Tuesday &#8211; its worst trading session since the global financial crisis of 2008.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Taiwan&#8217;s main stock index was trading more than 1.5% higher, after a record 8.4% drop on Monday.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Earlier in New York, the technology-heavy Nasdaq index opened 6.3% lower but those losses eased during the day and the index ended the session down 3.4%.<\/li>\n\n\n\n<li>The S&amp;P 500 fell 3% and the Dow Jones Industrial Average was 2.6% down by the end of trading on Monday.<\/li>\n\n\n\n<li>In Europe, the CAC-40 in Paris trimmed earlier losses to end 1.4% lower while Frankfurt&#8217;s DAX and the UK&#8217;s FTSE 100 lost about 2% each.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.bbc.com\/news\/articles\/c7202xvpwn5o\">Weak jobs data in the US on Friday<\/a>&nbsp;sparked concerns about growth in the world&#8217;s largest economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It also stoked speculation about when, and by how much, the Federal Reserve will cut interest rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMarkets are very volatile at the moment and will likely stay volatile until the Fed decision in September. So we wouldn&#8217;t rule out rapid swings in both directions,\u201d said Stefan Angrick, a senior economist with Moody&#8217;s Analytics.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are also concerns that shares in big technology companies, particularly those investing heavily in artificial intelligence (AI), have been overvalued and are now facing difficulties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last week, chipmaker&nbsp;<a href=\"https:\/\/www.bbc.com\/news\/articles\/c16j3318n08o\">Intel announced major layoffs<\/a>, as well as disappointing financial results.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There is also speculation that rival Nvidia, which has been one of the main beneficiaries of the boom in demand for AI technology, will delay its latest product launch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BBC: Japanese shares rebounded in Tuesday morning trade after plunging on Monday in a rout that sent shockwaves through global financial markets. The Nikkei 225 stock index rose by as much as 10% after slumping by over 12% the previous day. Monday&#8217;s market rout in Tokyo came after the Bank of Japan&#8217;s second rate hike in 17 years sent the yen soaring against the dollar making Japanese stocks &#8211; and the country&#8217;s exports &#8211; more expensive for foreign investors and buyers. Stocks in the US, the UK and Europe also fell on Monday&nbsp;due to fears that the American economy is&#8230; <\/p>\n","protected":false},"author":1,"featured_media":41198,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-41197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english"],"_links":{"self":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/41197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41197"}],"version-history":[{"count":1,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/41197\/revisions"}],"predecessor-version":[{"id":41199,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/41197\/revisions\/41199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/media\/41198"}],"wp:attachment":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}