FINANCIAL CRISIS? Turmoil in Global Stock Markets as Japan, Taiwan Plunge By Record Margins | The Gateway Pundit | by Ben Kew


FINANCIAL CRISIS? Turmoil in Global Stock Markets as Japan, Taiwan Plunge By Record Margins

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There are growing fears about the prospect of a recession or even more serious financial crash as stock markets continue to fall.

Japan’s Nikkei 225 Index lost a staggering 4,451 points on Monday, a drop of approximately 12 percent. This also marked a 25 percent drop since July.

Meanwhile, South Korea’s stock market fell by nearly nine percent, while India’s tumbled just under three percent. Taiwan similarly experienced its worst day for 57 years, while crypto makrets have also suffered heavy losses.

There are likely a myriad of reasons behind the downturn, including the possibility of Federal Reserve’s interest rate policies, geopolitical tensions and the need for correction in what some believe is an overheated stock market.

Last week, the Dow Jones also saw significant losses, driven by significant losses in technology stocks. The fall followed a disappointing jobs report that underscored the inherent weakness of the Biden economy.

The falls have triggered fears of an economic recession, a reality that would likely prove a major setback to Kamala Harris’s campaign ahead of November’s all-important presidential election.

While the Biden regime has repeatedly boasted about creating millions of jobs and presiding over a booming economy, most Americans realize the truth is anything but.

Since seizing office in January 2021, Biden has overseen soaring levels of inflation that have depleted the savings of ordinary Americans and made everything more expensive.

The economy remains an issue of critical importance for voters, with recent polling data from Pew Research indicating that 73% of Americans view the economy as a top priority in the run-up to November.

 

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Ben Kew
Ben Kew is a writer and editor. Originally from the UK, he moved to the U.S. to cover Congress for Breitbart News and has since gone on to editorial roles at Human Events, Townhall Media, and Americano Media. He has also written for The Epoch Times, The Western Journal, and The Spectator.

You can email Ben Kew here, and read more of Ben Kew’s articles here.

 

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