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Japan stock meltdown: why it rattled the crypto market

By Larisa Yarovaya, Director of the Centre for Digital Finance, Associate Professor in Finance, University of Southampton

Japan’s stock market plunged 12% on Monday, August 5 – its worst day in 37 years. The severity of the fall triggered losses in stock markets around the world. In the US, for example, the Nasdaq index dropped more than 6%, while the S&P 500 dipped by 4.25%.

Markets have since rebounded…

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