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Matt Goodson: Salt Funds Management expert on global markets stabilising after this morning's announcement
Manage episode 432746210 series 2098282
The Japanese market is clawing its way back, after an epic tumble overnight.
Its Nikkei had a historic one-day drop - the first in a volatile chain of global financial markets.
It's now starting to stabilise, sitting about nine percent up on yesterday.
Matt Goodson from Salt Funds Management says Japan's weakness began a couple of days ago, when the central bank hiked up cash rates.
"The Japanese market had been pretty strong all year, the yen had been really weak - and that just turned everything around, the market fell hard, the yen really strengthened."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
7413 episod
Manage episode 432746210 series 2098282
The Japanese market is clawing its way back, after an epic tumble overnight.
Its Nikkei had a historic one-day drop - the first in a volatile chain of global financial markets.
It's now starting to stabilise, sitting about nine percent up on yesterday.
Matt Goodson from Salt Funds Management says Japan's weakness began a couple of days ago, when the central bank hiked up cash rates.
"The Japanese market had been pretty strong all year, the yen had been really weak - and that just turned everything around, the market fell hard, the yen really strengthened."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
7413 episod
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