Japanese Stock Market Plummets To Record Low And Cryptos Dive Ahead Of U.S. Markets Opening

Global markets in turmoil as investors brace for U.S. trading reaction

After the Bank of Japan raised interest rates to 0.25%, up from 0.1%, the Japanese stock exchange has been in spiral ever since. Monday’s open for Japan’s Nikkei, occurring late last evening, traded downward with the index falling 12.3% - the largest drop in the nation’s history.

All sell options were halted in South Korean markets late last evening as well.

Within the past few days, Warren Buffet sold half of his Apple stock. Weak U.S. employment surged fears of an oncoming recession. As of writing, hours ahead of the market opening, Tesla is down nearly 5%, with Intel, NVIDIA, Amazon, and Google hemorrhaging as well.

Japan is the top owner of foreign-owned U.S. debts so how will their economy taking a hit impact U.S. markets? According to The Kobeissi Letter, almost $500 billion of market cap has been erased in just days. They go on to detail that since July 16, the S&P 500 has erased 3.3 trillion in market cap.

Overnight, Taiwan's stock exchange cratered to 8%.

Across the board, crypto is also down. Bitcoin and Ethereum have tumbled over the past 24 hours, dropping 12% and 21% respectively, as of writing.

In this same timespan, Lockheed Martin has seen immense stock movement with surging growth after concerns of escalating tensions in the Middle East.

Some are predicting a “black swan” event when U.S. markets open, which is described as a “consequential occurrence that is almost impossible to predict, yet after the fact seems to have been inevitable”.

“Almost impossible" to predict” yet Warren Buffet dumped half of his Apple stock just days ahead of what’s sure to be a severe market correction.

Trump posted on Truth Social just before midnight last night, saying: “STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!”