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Stock Market Crash starts liao...
- Thread starter Hightech88
- Start date
All the mala hotpot franchise restaurants will be doomed.
Don't forget: Xiaomi, Scarlett, Mixue, Luckin, BYD etc.
Sexy Chuobu OL and MILF?
Asia Markets
Lim Hui Jie
Dylan Butts@in/dylan-b-7a451a107
WATCH LIVE
Key Points
The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024.
Bloomberg | Bloomberg | Getty Images
Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets also opened higher.
Japan’s Nikkei 225 — which saw its largest loss in the previous session since the 1987 Black Monday crash — and the broad-based Topix gained as much as 10% before paring gains to 8%.
The Bank of Japan raising rates to their highest level since 2008 on July 30 caused the yen to strengthen to a seven-month high, pressurizing stocks.
Markets globally were also spooked by fears of a U.S. recession stoked by a weaker-than-expected jobs report.
Japan’s heavyweight trading houses all saw rebounds of over 8%, with Marubeni up over 13%. Softbank Group Corp jumped almost 10%.
Japan stocks rebound as much as 10% after historic losses; other Asia markets also recover
Published Mon, Aug 5 20248:00 PM EDTUpdated An Hour Ago
Lim Hui Jie
Dylan Butts@in/dylan-b-7a451a107
WATCH LIVE
Key Points
- Japan’s Nikkei 225 and the broad-based Topix climbed more than 8%.
- The Reserve Bank of Australia will release its RBA cash rate later today, with economists expecting the rate to remain steady at 4.35%.
The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024.
Bloomberg | Bloomberg | Getty Images
Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets also opened higher.
Japan’s Nikkei 225 — which saw its largest loss in the previous session since the 1987 Black Monday crash — and the broad-based Topix gained as much as 10% before paring gains to 8%.
The Bank of Japan raising rates to their highest level since 2008 on July 30 caused the yen to strengthen to a seven-month high, pressurizing stocks.
Markets globally were also spooked by fears of a U.S. recession stoked by a weaker-than-expected jobs report.
Japan’s heavyweight trading houses all saw rebounds of over 8%, with Marubeni up over 13%. Softbank Group Corp jumped almost 10%.
U.S. crude oil falls to six-month low as market sells off on recession fears
Published Mon, Aug 5 20248:32 AM EDTUpdated Mon, Aug 5 20243:26 PM EDT
Spencer Kimball@spencekimball
WATCH LIVE
Key Points
- West Texas Intermediate has erased most of its gains for the year and Brent is now down for 2024.
- Weak economic data in the U.S. sparked a sell-off in equity markets as fears grow that a recession may be looming.
- Softness in China’s economy had already been spooking oil market traders.
Markets
Jesse Pound@/in/jesse-pound@jesserpound
WATCH LIVE
In this article
Follow your favorite stocksCREATE FREE ACCOUNT
Spencer Platt | Getty Images
Brokerage firm Robinhood announced on Monday evening that it would not offer overnight trading due to an issue with its execution venue.
The company said in a post on social media site X that Blue Ocean ATS, the third-party firm that Robinhood works with for round-the-clock trading, has suspended its overnight market.
“Robinhood 24 Hour Market’s execution venue, Blue Ocean ATS (BOATs), has suspended overnight trading for tonight. 24 Hour Market orders that are open as of approx. 8 PM ET will be routed for execution starting at approx. 4 AM ET tomorrow. You may cancel your order at any time, and can still place an order for another trading session,” the statement said.
It is not clear if the suspension will last beyond early Tuesday morning, or if other brokerage firms that offer overnight trading are affected.
A spokesperson for Blue Ocean told CNBC in an email Monday night that the firm experienced capacity issues the previous night, leading to “a small percentage of trades” needing to be canceled.
The firm will be migrating to a new technology system in the next two weeks, the statement said.
The announcement from Robinhood comes after several firms, including Charles Schwab, suffered technical issues on Monday that temporarily prevented some of their users from accessing their brokerage accounts.
Robinhood says there will be no 24-hour trading on Monday due to issue at third-party venue
Published Mon, Aug 5 20247:53 PM EDTUpdated An Hour Ago
Jesse Pound@/in/jesse-pound@jesserpound
WATCH LIVE
In this article
Follow your favorite stocksCREATE FREE ACCOUNT
Spencer Platt | Getty Images
Brokerage firm Robinhood announced on Monday evening that it would not offer overnight trading due to an issue with its execution venue.
The company said in a post on social media site X that Blue Ocean ATS, the third-party firm that Robinhood works with for round-the-clock trading, has suspended its overnight market.
“Robinhood 24 Hour Market’s execution venue, Blue Ocean ATS (BOATs), has suspended overnight trading for tonight. 24 Hour Market orders that are open as of approx. 8 PM ET will be routed for execution starting at approx. 4 AM ET tomorrow. You may cancel your order at any time, and can still place an order for another trading session,” the statement said.
It is not clear if the suspension will last beyond early Tuesday morning, or if other brokerage firms that offer overnight trading are affected.
A spokesperson for Blue Ocean told CNBC in an email Monday night that the firm experienced capacity issues the previous night, leading to “a small percentage of trades” needing to be canceled.
The firm will be migrating to a new technology system in the next two weeks, the statement said.
The announcement from Robinhood comes after several firms, including Charles Schwab, suffered technical issues on Monday that temporarily prevented some of their users from accessing their brokerage accounts.
Asia Markets
Japan stocks rebound as much as 10% after historic losses; other Asia markets also recover
Published Mon, Aug 5 20248:00 PM EDTUpdated An Hour Ago
Lim Hui Jie
Dylan Butts@in/dylan-b-7a451a107
WATCH LIVE
Key Points
- Japan’s Nikkei 225 and the broad-based Topix climbed more than 8%.
- The Reserve Bank of Australia will release its RBA cash rate later today, with economists expecting the rate to remain steady at 4.35%.
The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024.
Bloomberg | Bloomberg | Getty Images
Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets also opened higher.
Japan’s Nikkei 225 — which saw its largest loss in the previous session since the 1987 Black Monday crash — and the broad-based Topix gained as much as 10% before paring gains to 8%.
The Bank of Japan raising rates to their highest level since 2008 on July 30 caused the yen to strengthen to a seven-month high, pressurizing stocks.
Markets globally were also spooked by fears of a U.S. recession stoked by a weaker-than-expected jobs report.
Japan’s heavyweight trading houses all saw rebounds of over 8%, with Marubeni up over 13%. Softbank Group Corp jumped almost 10%.
Useless one, it will crash badly again due to weak economic sentiment bubble.
VIX still remains high well above nominal 12-20 variation, it just shot up 64% , a bad sign which means market remains highly volatile.
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Well , u cannot under estimate the strong urge insai many many Hardlander Punters who believe they have Hidden ESP Power, Satik Big Data Algo to predict world next Biggest Huat Huat Trade or even powerful 老赌神佛牌
Always leemember...the ultinate thrill is not coming from always winning...but from the illusion of Ah Tiong Favourite 绝地大反击翻身赛
This is a big crash caused by large institutions, whales and sharks with $Billions of funds using advanced Quant-trades.
Kum gong retail investors will tio pwn by the series of small fake recoveries as usual rushing in to catch a falling knife, all tio wiped out. Esp. those playing Options wanting to get rich quickly to buy GCBs and meme stocks using high leverage will tio margin calls and tiao lao.
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If she cannot solve the market crisis, she should hang her head in shame.
Yo mean it is going to intensify? Retrenchment has begun a long time ago.
Aft retrenched they also got some hiring. Market come back well. Now market crash again then fire again. Winner is still jihukia unaffected.
Now saw a number of Conti Car eg BMW, Merc or Volvo Grab on the road
Aiya car can bank loan one. Some want face then bank account zero dollar. Then rich foreigners come here wash money leh.
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