Odaily星球日报讯 日本东证指数向下触发熔断机制。日本东证指数从 7 月高点下跌 20%，陷入技术性熊市。（金十）

日本东证指数向下触发熔断机制

Odaily Odaily reported that the Japan Topix Index triggered the circuit breaker mechanism. The Japan Topix Index fell 20% from its July high and fell into a technical bear market. (Jinshi)

The Tokyo Stock Exchange index triggered the circuit breaker mechanism and declined.

The Nikkei 225 index fell sharply at the opening, falling below 35,000 points, down more than 4.4% intraday; the Tokyo Stock Exchange index fell 4.6%; the South Korean KOSPI index fell more than 3%, down 10% from its July high; the Australian S&P/ASX 200 index expanded its decline to 2.1%, closing at 7777.5 points. (Jinshi)

The Nikkei 225 index fell below 35,000 points, dropping more than 4.4% intraday.

Is a rate cut in September confirmed? What did the Federal Reserve say?

The U.S. Federal Reserve announced its latest interest rate decision in the early morning of August 1st Taiwan time. The decision was to keep the interest rate unchanged for the eighth consecutive time, maintaining the benchmark rate between 5.25%-5.5%.

However, during the post-meeting press conference, Federal Reserve Chair Powell stated that a rate cut in September is possible. This is certainly big news, indicating the start of a rate cut cycle, which could lead to further rate cuts in the future. The U.S. stock market immediately responded with a rally, closing the day with gains across the board.

What specifically did Powell say?
The press conference format was that reporters asked questions, and Powell responded.

Bitcoin drops below $60,000! The Federal Reserve says it may cut interest rates in September, but Bitcoin is still falling, what should we do?

The Bitcoin price has dropped to a low of $52,500 on August 5, in a sudden drop that caused BTC to decline 10% from $58,350 in less than two hours.
Bitcoin has regained some of the...