In just three weeks, stock markets around the world have lost about 6.4 trillion dollars

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In just three weeks, stock markets around the world lost about 6.4 trillion dollars, the reason was the collapse of stock indexes on stock exchanges, Bloomberg reports, citing Vishnu Varatana, head of economics and strategy at Mizuho Bank in Singapore.

In the language of traders, trying to choose the right moment to buy a falling asset is like trying to catch a falling knife. However, according to Vishnu Varatan, today "falling knives are flying everywhere" and it is simply unknown where the next blow will come from. Recall, for example, in Tokyo, the Nikkei fell by 12 percent, in Seoul, the Kospi collapsed by 9 percent. In New York, the Nasdaq dropped 6 percent in a matter of seconds. The fall in stock indexes triggered the collapse of cryptocurrencies. All this decline was triggered only by information about the level of employment in the United States. Although the markets moved to growth at the auction on August 6, Bloomberg writes that it is not yet possible to say whether the sharp fluctuations on August 5 were the end of a global sell-off or a signal of the beginning of a protracted recession.