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Chinanews.com, August 7 (Wei Chenxi) Recently, the Asia-Pacific stock markets have been volatile. Within two days, the Asia-Pacific stock markets, represented by Japanese stocks, plunged sharply and then rebounded quickly, as if they were caught in a huge storm.

On August 5th local time, affected by the global stock market sell-off, stock markets in many countries experienced a "Black Monday". Stock markets in Japan, South Korea and other countries plummeted, and some markets even triggered circuit breaker mechanisms repeatedly.

Why are Japanese and Korean stock markets the first to bear the brunt of this stock market fluctuation? In the long run, what other aspects will it affect? ​​Will there be a new round of fluctuations in the future? In this regard, Xu Xiujun, a researcher at the Institute of Chinese Modernization of the Chinese Academy of Social Sciences, accepted an exclusive interview with China News Service to explain.

Why are Japanese and Korean stock markets the first to be hit?

According to Choice financial terminal data, Japanese and Korean stock markets fell at the opening on August 7. The Nikkei 225 index opened 1.60% lower at 34,122.35 points, while the Korean Composite Index opened 0.27% lower at 2,515.27 points.

Earlier, the Japanese stock market plunged more than 12% on the 5th, and the Nikkei stock index hit its biggest drop since 1987. After that, it rebounded after the market opened on the 6th, rising by more than 3,200 points at one point, setting the largest increase in trading hours in history. Why did the Japanese stock market perform like this at this time?

Xu Xiujun said that the "Black Monday" in the Japanese stock market was caused by the recent rapid appreciation of the yen, which impacted the Japanese stock market and led to the bursting of the financial asset bubble that was divorced from actual economic growth.