Japan stocks plunge, other Asia markets fall after US losses

[JOE]

...any advice on how to weather the storm, seoulbro?



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BEIJING (AP) — Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump's criticism of the U.S. central bank. The Nikkei 225 fell by an unusually wide margin of 5 percent to 19,155.14. The Shanghai Composite Index ended off 0.9 percent at 2,504.82 after being down as much as 2.3 percent at midday. Benchmarks in Thailand and Taiwan also declined.

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U.S. stocks are track for their worst December since 1931 during the Great Depression. Shanghai is down almost 25 percent this year. Tokyo, Hong Kong and other markets are on track to end 2018 down more than 10 percent.

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Markets have been roiled by concerns about a slowing global economy, the U.S.-Chinese tariff battle and another interest rate increase by the Fed. Trump's Monday morning tweet heightened fears about the economy being destabilized by a president who wants control over the Fed. Its board members are nominated by the president but make decisions independently of the White House. The board's chairman, Jerome Powell, was nominated by Trump last year.



"The only problem our economy has is the Fed," the president said on Twitter. "They don't have a feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can't score because he has no touch — he can't putt!"

[Frood]

Seoulbro wouldn't know.



It's the continuance of a market correction that happened 10 years ago but wasn't allowed to happen in full after decades of unhinged fiscal policy and spending.



I'm not about to get into the specifics of what will or won't happen, but I will say this. Get your gardens in order, pay down your debts while you can, and expect social services to rarely ever get it right from now to eternity.

[Gaon]

This is short term. Expect a January rally.

[JOE]

This is short term. Expect a January rally.

Don't know.



Market has lost quite a bit.



I suspect it may be the beginning of a bear market.



At least this man thinks the next downturn is an excellent time to buy

[Gaon]

This is short term. Expect a January rally.

Don't know.



Market has lost quite a bit.



I suspect it may be the beginning of a bear market.



At least this man thinks the next downturn is an excellent time to buy

[Anonymous]

The roller coaster ride is expected to continue for a while.