Look out below! Stocks only go up. Until they do not. Major stock markets around the world have fallen sharply. Popular stocks are down as much as 30% in a single day.
Today’s bloodbath started in Japan, where the Nikkei 225 Index plunged 13.2% for its worst session since the 2011 Fukushima nuclear meltdown. Circuit breakers were also activated for South Korea’s Kospi after the index rapidly dropped 8%, while Australia’s ASX 200 slid nearly 4% for its worst session since June 2022.
Major markets also tumbled in Europe, and over in the US., traders are also set to open by pressing the sell button. Safe havens like gold and Bitcoin are also struggling to attract buyers as the sell-everything mentality prevails.
So, is this just a random dip, or the beginning of a deeper correction. Is a new crash looming?
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