#WTIUp6.17%BrentUp7.04% Over $700 BILLION has been wiped out from Asian stock markets in the last few hours.
Here's why Asian markets are crashing:
1. Asian markets extended the S&P 500's losses as tech stocks sold off yesterday amid renewed AI spending.
2. Concerns about high energy costs as Brent crude surges above $100.
3. Fresh tariff uncertainty after US imposed tariffs of up to 12.5% on 60 countries.
4. Iran has reportedly rejected a US-backed ceasefire proposal.
5. Japan's CPI rises to 1.7%, hitting a 6-month high and raising expectations of further BoJ policy tightening.$DOT
$FF
$HEI
Here's why Asian markets are crashing:
1. Asian markets extended the S&P 500's losses as tech stocks sold off yesterday amid renewed AI spending.
2. Concerns about high energy costs as Brent crude surges above $100.
3. Fresh tariff uncertainty after US imposed tariffs of up to 12.5% on 60 countries.
4. Iran has reportedly rejected a US-backed ceasefire proposal.
5. Japan's CPI rises to 1.7%, hitting a 6-month high and raising expectations of further BoJ policy tightening.$DOT
$FF
$HEI