Within a month, JPY appreciates from 162 to 146 against USD
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Yen Carry-Trades unwinding rapidly, global asset-prices collapse
- Thread starter Byebye Penis
- Start date
The world is funded by interest-free yen.
When yen appreciates strongly, it costs more to repay.
Nikkei take largest dive since Black Monday of 1987
https://asia.nikkei.com/Business/Ma...-take-largest-dive-since-Black-Monday-of-1987
When yen appreciates strongly, it costs more to repay.
Nikkei take largest dive since Black Monday of 1987
https://asia.nikkei.com/Business/Ma...-take-largest-dive-since-Black-Monday-of-1987
Nikkei down another 1900pts on first 15 minutes of opening, today
https://indexes.nikkei.co.jp/en/nkave
https://indexes.nikkei.co.jp/en/nkave
Is 2024 Eerily Similar To The 2000 Dot-Com Bust?
The one in Okinawa is cheaper, less crowded, just no expensive OtoroDaft Sinkies going to Japan for holiday will find that their purchasing power has declined.
By the way, Tsukiji Market is a tourist trap. The prices there have all been marked up, think of it as something similar to Sentosa.
https://www.oki-islandguide.com/attractions/tomari-iyumachi-fish-market
Avoid typhoon months
Japan’s Topix halted as stock indices plunge
https://au.investing.com/news/stock-market-news/japans-topix-halted-as-stock-indices-plunge-3377787
Many tio huat big big as they rush to mop up Yen to repay debt...all will be Heng Ong HuatWithin a month, JPY appreciates from 162 to 146 against USD
Down 3000 points now
Heng hah...moi dun play stock
UBS says 'going into Japan now is like catching a falling knife,' warns stock sell-off will continue
Published Mon, Aug 5 2024 12:00 AM EDTUpdated 45 Min AgoLim Hui Jie
WATCH LIVE
KEY POINTS
- "The only reason why the Japanese market is up so strongly in the last two years is because the Japanese yen has been very, very weak," UBS' Kelvin Tay said.
- While Tay acknowledged that some gains made by the market were due to corporate restructuring efforts by the Tokyo Stock Exchange, "the main driver was the Japanese yen."
Going into the Japanese market at this moment is akin to catching "a falling knife," Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, told CNBC's "Squawk Box Asia."
His comments come as the Nikkei 225 and the Topix extended their declines, falling past 7% on the day, and hovering close to bear market territory.
Japan's Nikkei down 8%, wipes out the gains for the year
- The rout continues as the selling in equities is turning into quite a behemoth
Justin Low
05/08/2024 | 04:28 GMT-0
Nikkei 225 index daily chart
The Nikkei 225 futures have now been suspended amid triggering the circuit breaker. Talk about carnage. In just three days, the Nikkei itself has erased its gains for the entire year-to-date. It was less than four weeks ago that the index hit a record high above 42,000. Pain.
The selling has been quite relentless not just here but in US futures as well. Tech shares are the ones bearing the brunt of the declines once more. S&P 500 futures are down 1.6% and Nasdaq futures down 3.0% currently. Meanwhile, Dow futures are down 0.8% on the day.
https://finance.yahoo.com/news/forced-margin-selling-seen-exacerbating-025445931.html
Bloomberg) -- The swift downturn in the Japanese stock market likely triggered a massive wave of forced selling among retail investors, deepening the rout.
The Topix index plunged more than 7% with companies such as Mitsubishi Heavy Industries and Sumitomo Mitsui Financial diving more than 15%. The scale of selloff is such that some market players think individual investors are now being forced to dump stocks they had bought on margin.
Retail investors’ margin buying position rose to a 18-year high in late July even as the Nikkei slipped from its historic peak. Investors who have bought stocks using credit are often forced to close their positions when stock prices fall more than expected, unless they have enough extra cash for collateral to deploy.
“We see what appears to be forced selling from retail investors. They seem to be damaged,” said Takatoshi Itoshima, a strategist at Pictet Asset Management. “While it is possible that we are reaching a selling climax in the near term, I cannot be sure.”
Margin Trades of $30 Billion Add to Risk for Japan: Taking Stock
Hopes around higher wages and economic growth have encouraged Japanese investors to buy stocks. The trend was strengthened by new tax-free investment accounts that the government started this year. With the Nikkei 225 on the verge of wiping out almost all of its gains since the start of year, the bear market will test the durability of Japanese individual investors’ renewed appetite for domestic stocks.
“People who don’t have long experience in investment may have not gone through big market declines like this so the shock might be quite big,” said Masahiro Ichikawa, chief strategist at Sumitomo Mitsui DS Asset. “I think it will take a bit more time for the market to stabilize after such big falls.”
Bloomberg) -- The swift downturn in the Japanese stock market likely triggered a massive wave of forced selling among retail investors, deepening the rout.
The Topix index plunged more than 7% with companies such as Mitsubishi Heavy Industries and Sumitomo Mitsui Financial diving more than 15%. The scale of selloff is such that some market players think individual investors are now being forced to dump stocks they had bought on margin.
Retail investors’ margin buying position rose to a 18-year high in late July even as the Nikkei slipped from its historic peak. Investors who have bought stocks using credit are often forced to close their positions when stock prices fall more than expected, unless they have enough extra cash for collateral to deploy.
“We see what appears to be forced selling from retail investors. They seem to be damaged,” said Takatoshi Itoshima, a strategist at Pictet Asset Management. “While it is possible that we are reaching a selling climax in the near term, I cannot be sure.”
Margin Trades of $30 Billion Add to Risk for Japan: Taking Stock
Hopes around higher wages and economic growth have encouraged Japanese investors to buy stocks. The trend was strengthened by new tax-free investment accounts that the government started this year. With the Nikkei 225 on the verge of wiping out almost all of its gains since the start of year, the bear market will test the durability of Japanese individual investors’ renewed appetite for domestic stocks.
“People who don’t have long experience in investment may have not gone through big market declines like this so the shock might be quite big,” said Masahiro Ichikawa, chief strategist at Sumitomo Mitsui DS Asset. “I think it will take a bit more time for the market to stabilize after such big falls.”
Down 3500pts now
Awaiting SGX to follow suit.
Global Rout Deepens With US Stock Futures, Asia Stocks Plunging
- A global stocks selloff deepens; circuit breakers triggered in Asia
- MSCI Asia Pacific plunges; Japan key stock index drops
- Nasdaq 100 Futures extend loss; Treasury two-year yields fall
I can attest that hamas has nothing to do with this.
Singapore share index drops 3.1%, Japan enters bear market on US recession fears
Japan’s equity rout entered a third day as weak US jobs data added another blow to investor confidence left fragile from a surge in the yen. PHOTO: EPA-EFE
Updated
Aug 05, 2024, 01:26 PM
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TOKYO – A global stocks sell-off worsened on Aug 5 as fears the US could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth.
In Singapore, the Straits Times Index was down 3.1 per cent at the midday trading break, after sinking as much as 3.3 per cent after trading opened.
Local banks led the losses in value terms, with DBS Bank down 5 per cent to $33.53, while UOB lost 4.7 per cent to $30.34 and OCBC Bank fell 3.9 per cent to $14.23.
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