Asian markets Black Thursday $1 trillion sell-off

    by Gigliola: Tesla

    Black Thursday again, and this one wiped close to $1 trillion off Asian markets in a day. Six major exchanges sold off Thursday. South Korea's KOSPI slid roughly 3.5% early, Japan's Nikkei about 2.7%. M&M News traces the pull to oil climbing after fresh Middle East attacks, plus Tesla trimming its spending plans. Two weeks, two sell-offs with the same nickname, which is wild

    Transcript (en)

    Asia's Black Thursday wipes out nearly a trillion dollars in market cap. So I guess an index of the Asian stock market in general, you saw six different major markets lose almost a full trillion on Thursday of, I guess, yeah, because they're a day ahead of us essentially. So on Thursday, South Korea's Kospi index fell 3.5% and Japan's Nikkei index fell 2.7% in early trading. Rising oil prices after new Middle East attacks drove the selling along with Tesla cutting its spending plans. This comes a week after another sharp Asian sell-off that was also called Black Thursday. I guess not too long ago when all of the South Korean stuff was blowing up, you now have this event happening not too much longer after that. So. There that Crazy dude Where does your mind go with all that Just how much is going on at the same time That stuff is rough. Like the war stuff and the oil stuff. I just don't know that that's an easy one to just... Like a switch? Yeah. You don't just put it on the blockchain. Of course not. I know. so it's like i don't know i don't know what but now that gets resolved i need to figure that stuff out over there but um anything else on that one no man i think you nailed it in terms of just the sheer volume of things taking place it's just crazy it's yeah it's it's gonna make like the uh how do you even go on the internet anymore like every time you go on it's just crazier things that are more depressing. Airbnb, banning checkout chores, stocks, rates, the Fed, and where the money is going are things that we talk about all the time over here. So if you're into that, hit that follow button.