Japan’s stock market is poised to suffer its largest two-day drop in history. The drop on the Nikkei 225 is even larger than the 1987 Black Monday crash. South Korea has halted all sell orders and there are grave concerns that the U.S. stock market could suffer serious losses.
Crypto currency is also in a free fall. The global crypto market cap has erased 13 percent of its total $1.9 trillion value in just one day.
The Wall Street Journal reports the Asian markets are reacting to Friday’s disastrous U.S. jobs report.
Four years ago, President Trump warned that the stock market would crash if Joe Biden was elected. It turns out Trump was right — again.
“Stock markets crashing,” he wrote on Truth Social. “I told you so.”
“Kamala doesn’t have a clue,” he added. “Biden is sound asleep. All caused by inept U.S. leadership.”