Global crash: even gold is not spared. What is the reason?Author: Liam, Deep Tide TechFlow
November 21, Black Friday.
U.S. stocks plunged, Hong Kong stocks tumbled, A-shares declined in tandem, Bitcoin once fell below $86,000, and even safe-haven gold continued to slide.
All risk assets seemed to be pressed down by the same invisible hand, collapsing simultaneously.
This is not a crisis of a single asset, but a systemic resonance downturn across global markets. What exactly happened?
Global crash, everyone’s comparing who’s worse off
After experiencing “Black Monday,” U.S. stocks suffered another major drop.
The Nasdaq 100 index plummeted nearly 5% from its intraday high and finally closed down 2.4%, expanding its pullback from the record high on October 29 to 7.9%. Nvidia’s stock price shifted from a gain of over 5% to closing in the red, and the entire market lost $2 trillion overnight.
On the other side of the ocean, Hong Kong stocks and
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