Daily Mail: Japan's Nikkei hits 20-month low after Wall Street slide deepens amid concerns about a slowing global economy, the U.S.-Chinese tariff battle, another interest rate increase and continued government shutdown
* Japan's Nikkei drops 5 per cent as Wall Street slide deepens amid US concerns
* Nikkei hits a 20-month low as blue chip companies unable to hold of the slide
* Closed at 19,155.74 after hitting 19,117.96 - its lowest since late April last year
* U.S. federal government shutdown over $5.7 billion of funding for border wall
* Reports President Donald Trump discussed firing Federal Reserve chairman
Japan's Nikkei slumped to a 20-month low today after a slide on Wall Street deepened with a series of U.S. political developments causing concerns for financial markets.
The Nikkei share average ended the day down 5.01 per cent at 19,155.74 after brushing 19,117.96, its lowest since late April 2017.
The broader Topix closed 4.88 per cent lower at 1,415.55 after touching 1,412.90, its weakest since November 2016.
Wall Street stocks extended their steep sell-off on Monday, with the S&P 500 down nearly 15 per cent so far this month, as investors were rattled by the U.S. Treasury secretary's convening of a crisis group and by other political developments.
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WNU Editor: Many global markets were open today. And they are reacting in the same way that U.S. markets are acting and for the same reasons .... worries on what the U.S. fed is doing. Specifically .... the end of cheap money, and the strengthening of the U.S. dollar. And it looks like it is going to get worse .... By the numbers: Stock market collapses on Christmas Eve, heads for worst December ever (CNBC).
More News On Today's Global Market Rout
Asia stocks sink after Wall Street's Christmas Eve plunge -- CNN
Tokyo stocks plunge in Christmas rout amid fears over US economy -- The Guardian/AFP
President Donald Trump's attacks on the Federal Reserve spook Asian markets -- ABC News Online
Japan's Nikkei plunges after US economic turmoil -- DW
Global Stock Market: Nikkei 225 Enters Bear Market -- Bloomberg
1 comment:
Very suspicious that the FED lowered the rate during the Obama administraiton, a democrat, and kept it in the basement for 8 years only to raise it when Trump a Republican is elected.
Coincidence?
What are they trying to say?
Obama sucked at economics?
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