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Japanese stock market continued to plummet at the opening on Monday! ‍‍‍‍‍‍‍‍‍‍

The Nikkei 225 index fell rapidly in early trading, falling below 34,000 points, and fell more than 7% during the session. The Topix index plummeted, and the circuit breaker mechanism was triggered.

The Japanese yen is in shock. ‍‍‍‍‍

South Korea's KOSPI index fell more than 4%.

U.S. stock index futures extended losses, with Nasdaq 100 index futures falling 2% during the session.

Gold and silver also fell.

Only China's futures index remained strong, with the A50 futures index rising slightly.

Just when the global central banks were about to enter a period of interest rate cuts, Japan suddenly announced an interest rate hike. The interest rate hike became the fuse for the Japanese stock market crash.

Earlier, the Bank of Japan held a monetary policy meeting and decided to adjust the current policy rate of 0% to 0.1% to 0.25%. This rate hike is the first rate hike since the lifting of the negative interest rate policy in March this year. In addition, the Bank of Japan also decided to reduce the scale of Japanese government bond purchases in the next 1 to 2 years.

On March 19 this year, the Bank of Japan decided to end its negative interest rate policy and raised the policy interest rate from -0.1% to a range of 0 to 0.1%. This was the first interest rate hike by the Bank of Japan in 17 years since February 2007.

Last week, the weak U.S. employment data and non-farm data triggered a big discussion in the market about the U.S. economic recession. This is the reason why the foreign market continued to plummet.

The number of first-time unemployment claims in the United States in the week ended July 27 was 249,000, higher than the expected 236,000 and the previous value of 235,000. The rebound in the number of first-time claims in the United States last week to the highest level in a year added to the positive news of interest rate cuts. The US data showed signs of economic slowdown again. The US ISM Manufacturing PMI in July was 46.8, significantly lower than the market expectation of 48.8 and the previous value of 48.5 in June. The shrinkage was the largest in eight months, exacerbating market concerns about a US recession.

Over the weekend, news of Buffett frantically selling stocks dominated the screen, reinforcing the signal that the U.S. stock market had reached its peak.

Yang Delun, chief economist and fund manager of Qianhai Kaiyuan, said in the video that Buffett significantly reduced his holdings in Apple by 50% in the second quarter, and the signal that the U.S. stock market has peaked is even stronger.

He said: "As the most successful person in value investing, Buffett's reduction of holdings is an important signal that the U.S. stock market has peaked. Buffett has always insisted on being fearful when others are greedy and being greedy when others are fearful. For the U.S. stock market that has been rising for nearly four consecutive years, many investors have been vying for it, and Buffett has smelled the smell of a bubble bursting. Therefore, during the rise of the U.S. stock market, Buffett has been reducing his holdings while the stock market is rising, which is a big warning for us."

He also said that another signal that the risk of the US stock market peaking is increasing is that US technology stocks have experienced sharp fluctuations recently, especially some technology stocks whose second-quarter financial reports were lower than expected, which once plunged. On Friday, US stocks fell sharply, especially US AI concept stocks and several other technology stocks, some of which even fell by more than 20%, and the signal that the US stock market has peaked has become clearer.

Editor: Chen Lixiang

Proofreading: Yang Lilin