Hillary Wes

Black Monday causes loom and doom for investors as Japan raises their Interest rates by 25 basis points

ChatGPT On Monday, August 6th, 2024, stock markets around the globe took a massive hit, leaving investors and analysts scrambling to make sense of what felt like financial chaos. The S&P 500 opened down nearly 3.5%, the NASDAQ plunged 4%, and Asian markets were even worse off. Japan's Nikkei 225 saw a staggering drop of over 12%, while Taiwan's main stock index had its worst day in history. This wasn’t just a one-off event either—this crash followed a trend that had already wiped trillions of dollars off the global markets in just a week.