ptc industries limited (539006) hits 52 week high - Free Market Analysis Group

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ptc industries limited (539006) hits 52 week high ✌️【Quick Returns】✌️ Free real-time market data to help you quickly recover and avoid losses. Japanese stocks on Monday suffered their biggest daily loss since 1987 as fears about a US economic slowdown sent shock waves through global markets.

ptc industries limited (539006) hits 52 week high ✌️【Quick Returns】✌️ Expert predictions of stock trends with real-time stock indices, metals, energy, and agricultural product data to help you make efficient investment decisions. The Nikkei 225 index of leading stocks in Tokyo lost a staggering 4,451 points, its biggest point drop in history. On the more common, percentage measure, the index closed more than 12% down — according to Reuters, its largest one-day fall since October 1987. The drop took Nikkei’s losses since early July to 25%, pushing it into bear market territory.

“That was a crash. It smelled like 1987,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told 【 - Free Market Analysis Group 】. He was referring to“Black Monday”in October 1987, when global markets plunged and the Nikkei lost 3,836 points.

Fears of a sharp slowdown in the US economy have raised expectations that the Federal Reserve will have to slash interest rates. Coming as the Bank of Japan takes its interest rates higher to contain inflation, that is boosting the value of the yen against the US dollar and making Japanese export-dependent stocks less attractive.

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“The buzz is all about the contagion effect of this aggressive bear onslaught, underscored by fears of a hard landing in the US and a severe meltdown in Tokyo’s markets, which now appear to be self-perpetuating,” said Stephen Innes, managing partner of SPI Asset Management.

ptc industries limited (539006) hits 52 week high ✌️【Quick Returns】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. Trading was halted for short periods of time in Japan and South Korea as circuit breakers designed to prevent panic selling were triggered multiple times.

“(Today) was relentless,” said Newman. “It was unusual because there was the absence of a rebound at the end of the day, which you would normally see due to short covering,” he added. That’s when traders buy back shares they have borrowed to sell.

ptc industries limited (539006) hits 52 week high ✌️【Quick Returns】✌️ Precise predictions of high-potential stocks to help you avoid risks and quickly recover and grow. The volatility spread to other markets in Asia and Europe, and US stock futures fell sharply overnight. Nasdaq futures were down 4%. Dow futures and S&P 500 futures were down 1.5% and 2.3% respectively.

ptc industries limited (539006) hits 52 week high ✌️【Quick Returns】✌️ Real-time global stock, futures, and exchange rate data to keep you informed of market trends and seize investment opportunities. The Stoxx Europe 600 index, the region’s benchmark, was 2.5% down in morning trade. It has fallen 6% in the past five days to lows last seen in February.

ptc industries limited (539006) hits 52 week high ✌️【Quick Returns】✌️ Expert predictions of market trends to help you plan the best investment strategy for steady capital growth. Mohit Kumar, an economist at Jefferies, said a big driver of recent market moves was previous enthusiastic buying. “US equities, particularly the tech sector, (were) overowned and some froth needed to be cleared,” he wrote in a note Monday.

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ptc industries limited (539006) hits 52 week high ✌️【Quick Returns】✌️ Provides real-time stock index quotes, futures data, and global market trend analysis to help you seize the best investment timing. The volatility in Japan started last week, when the BOJ raised interest rates for thesecond time this yearand announced plans to taper its bond buying. Traders expect more rate hikes to come later this year as the central bank tries to contain inflation.

ptc industries limited (539006) hits 52 week high ✌️【Quick Returns】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. The Nikkeiclosed down 5.8%Friday, as traders fretted about the impact of a stronger yen on Japanese companies. A rising yen would hurt exporters and companies with overseas earnings.

ptc industries limited (539006) hits 52 week high ✌️【Quick Returns】✌️ Expert predictions with real-time global stock and futures data to help you easily capture market movements. A rapid appreciation in the Japanese currency has also forced many market participants to unwind the yen carry trade, a hugely popular trading strategy. With interest rates having been extremely low in Japan for decades, many investors have borrowed cash cheaply there before converting it to other currencies to invest in higher-yielding assets.

Last week, the yen surged nearly 5% against the greenback. On Monday, it strengthened further, up 2.2% to trade at 143.3 per US dollar.

From there, the market turmoil morphed into a “full-on avalanche,” propelled by the surprisingly hawkish turn from the BOJ, China’s economy slowing to a crawl and weak US tech earnings, he added.

China reported last Wednesday that its official manufacturing PMI fell in July, signaling continued weakness in factory activity.

In the United States, Amazon (AMZN) reported Thursday an earnings miss for the second quarter and disappointing guidance for the third quarter. Intel (INTC), on the same day,reportedan income loss of $1.6 billion in the second quarter and announced plans to slash 15% of its workforce to reduce costs.

US stocks had already ended Friday lower, as disappointing jobs data added to fears that the US economy is weakening. The Dow closed 1.5% lower, the S&P 500 lost 1.8% and the Nasdaq Composite declined 2.4%. The Nasdaq closed in correction territory, or more than 10% off its most recent high on July 10.

Othermarkets are also showing jitters. On Friday, oil prices settled at their lowest levels since January. Brent crude futures and US WTI crude were both down more than 3%.

Currently hovering around eight-month lows, oil prices may see some stability for the time being, despite threats of a wider conflict in the Middle East, according to Tom Kloza, global head of energy analysis at Oil Price Information Service.

“Beginning with the Hamas action last October 7, we are seeing mostly apathy when it comes to fears about a wider regional war in the Middle East,” he said.

Crypto currencies haven’t been immune, either. Bitcoin was down more than 12% at just under $53,000, according to Coindesk.

【 - Free Market Analysis Group 】’s Juliana Liu, Olesya Dmitracova, Tokyo bureau, Seoul bureau and Taipei bureau contributed reporting.

ptc industries limited (539006) hits 52 week high ✌️【Quick Returns】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Market Analysis Group 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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