Originally Posted On Jon Hall’s Apocalypse Diaries
After the Bank of Japan raised interest rates to 0.25%, up from 0.1%, the Japanese stock exchange has been in spiral ever since. Monday’s open for Japan’s Nikkei, occurring late last evening, traded downward with the index falling 12.3% – the largest drop in the nation’s history.
All sell options were halted in South Korean markets late last evening as well.
Within the past few days, Warren Buffet sold half of his Apple stock. Weak U.S. employment surged fears of an oncoming recession. As of writing, hours ahead of the market opening, Tesla is down nearly 5%, with Intel, NVIDIA, Amazon, and Google hemorrhaging as well.
