๐จ BLACK DAY FOR ASIA: MINUS $1.2 TRILLION IN A DAY
The Asia-Pacific market has faced one of the largest crashes in history. Total market cap losses have already exceeded $1.2 trillion.
What happened on the exchanges:
๐ฐ๐ท South Korea (KOSPI): A drop of -9.99%. Over โฉ800 trillion wiped out.
๐ฏ๐ต Japan (Nikkei): A decline of -3.55% (down $170 billion).
๐จ๐ณ China (Shanghai + Shenzhen): Fell by -1.3% and -3.0% respectively (over $240 billion lost).
๐ญ๐ฐ Hong Kong (Hang Seng): A decrease of -2.12% (down $130 billion).
๐ฎ๐ณ India (Nifty): A drop of -0.73% (down $17 billion).
๐ Financial analysts are already calling this day one of the worst for the region in decades. The panic wave from Asia risks spilling over to European and American markets.
We are keeping an eye on the opening of other markets. High volatility is expected.
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