Why Are Global Markets Falling?: Niraj Shah Explains Key Reasons
A global stocks selloff deepened on Monday as concerns grew that the Federal Reserve is behind the curve with policy support for a slowing US economy, sending investors into the safety of bonds. Japanese shares plunged as traders priced in more domestic rate hikes. The Topix and Nikkei indexes were set to slide about 20% from record highs with both benchmarks set for three-day declines that would be the worst since the 2011 Fukushima nuclear meltdown and put them into bear markets. The yen rallied over 1% on bets the Bank of Japan will keep raising interest rates.
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