Stock Market: Headaches November and Tuesday Morning

stock market: President Donald Trump blamed his defeat in the midterms for the fall, claiming fears of Harassment by the Dems was causing big headaches! Donald J. prospect of Presidential Harassment by the Dems is causing the Stock Market big headaches!November 12, 2018 Shares in Asia Pacific followed suit on Tuesday morning with the Nikkei diving 2.2% in Tokyo and the market in Seoul down 0.84%. Shares in Hong Kong were also down 1.5% in early trade and Shanghai was off 0.5% before both recovered, according to The Guardian. Australia's beleaguered banks led the benchmark ASX200 down by 1.7%. The Australian dollar also took a hammering as the greenback climbed to its highest level against a basket of currencies since June 2017. With Monday's losses, all three major Wall Street bourses erased the gains from their brief rally after the US congressional elections on 6 November. Populists like Trump exacerbate rather than cure corruption Barry Eichengreen Read more Asian stocks excluding Japan have fallen nearly 17% this year, after a 33.5% gain in 2017, with October 2018 the worst month since mid-2015. The falls on Wall Street appeared to be sparked more by fears that the historic rise in tech companies such as Apple was coming to an end. A fair number of factors are weighing on the market currently, such as seeming weakness in some US tech giants and lingering worries about the Chinese economy, said Yoshinori Shigemi, global market strategist at JP Morgan Asset Management in Tokyo. (news.financializer.com). As reported in the news.