Re:Japan stocks plunge as much as 7% as Asia shares extend s...
by incomingpain on Tuesday August 06, 2024 @08:37AM
(#41170279)
>Isn't this just a little bit irrational?
Completely rational in my mind.
>It's caused by the fact the bank of Japan put up their interest rate by 0.25% last week? The second rate hike in years.
Certainly connected and related. They did the opposite of what they should be doing, but why didnt it crash in march? This is certainly not the whole story.
Why would a 0.15% increase to bank rates in Japan cause all of crypto to crash the same?
Also, why did lockheed martin just do a 52 week high? All rational.
Completely rational in my mind.
>It's caused by the fact the bank of Japan put up their interest rate by 0.25% last week? The second rate hike in years.
Certainly connected and related. They did the opposite of what they should be doing, but why didnt it crash in march? This is certainly not the whole story.
Why would a 0.15% increase to bank rates in Japan cause all of crypto to crash the same?
Also, why did lockheed martin just do a 52 week high? All rational.