Weekly Market Summary (8/2-8/9 2024)

A sharp decline occurred, mainly in Japanese stocks.The decline in the Nikkei Average was historic.It was unprecedented.
The strong results for the ISM Non-Manufacturing Index counteracted the material of the U.S. economic downturn.
It became a factor that calmed down the panic selling.
This plunge was triggered by the Bank of Japan's interest rate hike, but multiple factors are overlapping.

- Market is relieved by the remarks of the Deputy Governor of the Bank of Japan and the stock market is rising.
The shock was caused by the unwinding of yen carry positions.That's what the market says.

- An earthquake with a weak intensity of 6 occurred in Miyazaki, and the Japan Meteorological Agency announced the 'Nankai Trough Earthquake Temporary Information',
and there are concerns about its impact on the market.
The Nankai Trough earthquake cannot be ignored as a significant risk.This is the factor.

- Looking at the weekly basis, although there was a crash on Monday, the price has recovered.
Except for Ethereum,The volatility has stayed within a reasonable range..

- It has been a challenge for investors who started the new NISA (Nippon Individual Savings Account) this year.
All investors and traders should reconsider their risk management.

-August 5, 2024 (Monday)

・Tokyo Topix Index
Final Price: 2,483.30 Change: -54.30 Change Rate: -2.14%

- Dow Jones Industrial Average
Last Price: 39,497.54 Change: -239.72 Percentage Change: -0.60%

- S&P 500 Index
Last Price: 5,344.16 Change: -2.40 Percentage Change: -0.04%

- Nasdaq 100 Index
Last Price: 18,513.10 Change: +72.26 Percentage Change: +0.39%

- Semiconductor Ishares ETF
Last Price: 211.78 Change: +4.97 Percentage Change: +2.40%

- Bitcoin - USD
Final price: 60,741.48 Change range: -1,673.88 % Change: -2.68%

The source of performance data is Barchart.com.

Excerpt from the following blog article:

(In addition to the excerpts, there are weekly news, important indicators, and financial results content)