Investors are moving rapidly into traditional safe haven assets after US President Donald Trump announced sweeping reciprocal tariffs last week, intensifying fears of a global economic downturn. Among the preferred refuges are the Japanese yen, Swiss franc, government bonds, and gold, analysts say.The Japanese yen, long considered a go-to asset…
Chinese equities tanked on Monday as the market reacted to the escalating trade war between the United States and China. The Shanghai Composite Index fell by 6.25%, while the China A50 and the Hang Seng indices dropped by 5.20% and 10.2%, respectively.This sell-off was a continuation of what happened last…
The Nifty 50 index plunged on Monday, joining other global stocks in a meltdown that has wiped out trillions of value in the last three market days. It crashed to a low of ₹21,755, its lowest level since June 4 last year. It has now plunged by over 17% from…
The USD/JPY exchange rate crashed to a low of 144.53 on Monday as investors moved to the safety of the Japanese yen. It dropped to 144.53, its lowest level since October 2, and 8% below the highest point in January. Japanese yen as a safe havenThe USD/JPY pair has crashed because…
The crypto fear and greed index plummeted to the extreme fear zone on Monday as Bitcoin and most tokens plummeted. Bitcoin crashed to $77,000, while the total market cap of all cryptocurrencies fell by almost 10% to $2.4 trillion. Berachain price crashed by 21% and moved to a record low of…
XRP price has crashed below a crucial support level, risking further downside as the crypto meltdown gains steam. It plunged to a low of $1.7020 on Monday morning, its lowest level since November last year. It has retreated by over 50% from its highest point this year, erasing billions of…
The crypto market has crashed, leading to a $1.5 trillion wipeout, with the total market cap of all coins plunging to $2.37 trillion. Bitcoin dived to $75,000, while Ethereum plunged to $1,445. Other large altcoins like Cardano, Shiba Inu, Binance Coin (BNB), Dogecoin (DOGE), and Chainlink (LINK) have all plunged…
The DAX index continued its strong downward trend on Monday as investors dumped their global equities as risks jumped. It slumped to a low of €18,900, its lowest level since September 12 last year. It has plummeted by more than 17% from the highest point this year.The German DAX’s crash…
The IAG share price has crashed hard this month, erasing most of its gains since last year, when it was one of the best-performing companies in the FTSE 100 index. It has dropped in the last three consecutive days, moving to a low of 210p, the lowest level since November…
The S&P 500 index has crashed hard this year, erasing some of the gains made last year. The SPX crashed by 5.8% on Friday, meaning that it has crashed by over 17.5% from its highest level this year. It has dropped to its lowest level since May 2024, erasing trillions…