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Market Turmoil Looms Amid Rising Rates and Economic Concerns
2024-09-04 05:50:09
Markets
Economy
Stocks

Market Turmoil Looms Amid Rising Rates and Economic Concerns

Recent events, including the unwinding of the yen carry-trade, Japan's central bank rate hikes, US labor market weaknesses, and tech sector struggles, point towards potential market chaos despite positive economic indicators. The fear of recession and a stock market crash lingers as Asian stocks tumble due to AI concerns and US selloffs.

Market volatility is exacerbated by the yen carry trade and economic uncertainties in Australia and China. Meanwhile, a mix of factors like weakening tech stocks, global growth worries, and geopolitical tensions contribute to the apprehension among investors.

With Hong Kong stocks hitting a 3-week low and ongoing fluctuations in stock indices worldwide, the specter of market turmoil looms as rates rise in Japan.

Related news on that topic:

Asian Markets Mixed Ahead of US Holiday and Jobs Report

Asian markets are cautiously mixed as Japan's economy shows signs of recovery while China's manufacturing weakens. Positive US data hints at a potential Fed rate cut, with the S&P 500 inching towards a record high. Amid declining oil prices, traders anticipate the impact of the upcoming US holiday and jobs report. China's economic struggles, Hong Kong developer losses, and fiscal easing prospects in China contribute to the cautious market sentiment. Investors focus on key indicators such as the Caixin PMI, US job data, and central bank meetings for insights on Fed cuts and the US economy's trajectory. The dollar strengthens against the euro as traders await US payroll data, adjusting expectations for Fed easing based on Treasury yields and rate cut speculations.

Stocks Plunge as Economic Concerns Mount and Tech Companies ... Disappoint

Stocks across major indexes experienced a significant drop as economic fears intensified and tech companies, including Nvidia and chip index PHLX, disappointed investors. Apple also saw a decline of 3%, resulting in a loss of $95 billion in market value. The Dow Jones fell by 1.5%, while oil prices plummeted by 5%. China's manufacturing slowdown further exacerbated economic concerns. Investors attributed the broad selloff in the S&P 500 and Nasdaq to factors such as volatility in presidential election years, post-Labor Day trading patterns, and apprehensions regarding an economic slowdown and weakness in AI and chip manufacturing. The August jobs report, Federal Reserve rate decision, ISM manufacturing metric, and the CME FedWatch Tool's indication of higher odds of a 50 basis point cut were among the focal points for investors. This downturn marks a setback for the recent market rally that had brought the S&P 500 within reach of a record.

Read 11 more recent news on this topic

The press radar on this topic:

Yahoo Finance
3. September 2024 um 22:03

Asian Equities Advance as Yen Steadies After Drop: Markets Wrap

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Asian stocks rose, led by Japanese and Korean equities. The yen steadied after weakening. Oil edged higher after Libya declared force majeure at a key oil field. The US is preparing new sanctions on Venezuelan government officials.
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4. September 2024 um 00:47

Stocks stumble as growth worries resurface, tech shine dims

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Asian shares and global stock futures fell, led by declines in MSCI's Asia-Pacific index, Nikkei, S&P 500 and Nasdaq futures; tech stocks tumbled, with Nvidia plunging; dollar and yen rose on safety bids; U.S. Treasury yields edged lower; Brent and U.S. crude prices struggled near multi-month lows on Libyan supply dispute; investors fretted over U.S. economic outlook, citing September seasonality and weak manufacturing data, ahead of key labor data that could influence Fed's rate decision.
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4. September 2024 um 01:13

The stock market chaos sparked by the yen last month could resume as rates rise in Japan, SocGen says

Finance
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Despite strong GDP, cooling inflation, and low unemployment, the unwinding of the yen carry-trade, Japan's central bank rate hikes, US labor market and tech sector weakness, and the potential for recession and a stock market crash could fuel further market chaos.
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4. September 2024 um 02:19

Hong Kong stocks hit 3-week low amid global market turmoil

Finance
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Hong Kong stocks plunge to 3-week low in global sell-off; weak US manufacturing, surging yen trigger rout; Hang Seng, Hang Seng Tech, Shanghai Composite down; Nikkei 225, Taiex among Asia's worst; S&P 500 sees steepest drop since August; Japan's central bank vows rate hikes on inflation; carry trade unraveling, Goldilocks scenario in doubt.
CW

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