The yen carry trade gained focus as the yen appreciated sharply after the Bank of Japan raised interest rates and reduced bond purchases. This caused investors to unwind their positions to avoid losses, leading to a selloff in US tech stocks and affecting global markets, including Asia.
‘On the edge…’: What social media conversations reveal about the current market mood
Social media analysis reveals bleak market sentiments among investors and experts. Market veteran Shankar Sharma highlights that the downturn is local and needs local solutions.