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Japan's Nikkei 225 index dives nearly 8% after the big meltdown on Wall St

Quotes

    • 88:88
      Frank Lavin
      Asia is likely to feel a disproportionate brunt of this turmoil because Asia sends more exports to the US than to other markets,
      Saudi Gazette
      said Frank Lavin, former undersecretary for international trade at the US Department of Commerce
    • 88:88
      Asia is bearing the brunt of the US tariff hike. While there could be some room for negotiation, a new regime of higher tariffs is here to stay,
      Saudi Gazette
      Qian Wang, Asia Pacific chief economist at investment firm Vanguard
    • 88:88
      Tariffs are feeding into expectations around inflation and a recession,
      Saudi Gazette
      said Julia Lee, head of client coverage at FTSE Russell, a subsidiary of the London Stock Exchange Group
    • 88:88
      Sometimes you have to take medicine to fix something,
      Buenos Aires Times
      he said of the ructions that have wiped trillions of dollars off company valuations
    • 88:88
      Thomas Mathews
      The carnage in global equity markets has continued,
      Buenos Aires Times
      noted Thomas Mathews, Asia Pacific head of markets at Capital Economics
    • 88:88
      Laurent Saint-Martin
      We must not exclude any option on goods, on services,
      Buenos Aires Times
      said French Trade Minister Laurent Saint-Martin
    • 88:88
      There is NO INFLATION," and the U.S. is "bringing in Billions... from the abusing countries."
      Newsweek
      On Truth Social, he wrote this morning
    • 88:88
      It is using tariffs to subvert the existing international economic and trade order” so as “to serve the hegemonic interests of the United States.”
      The New York Times
      On state television Saturday night, an anchor solemnly read a government statement condemning the United States
    • 88:88
      Jerome Powell
      Our obligation is to keep longer-term inflation expectations well anchored and to make certain that a one-time increase in the price level does not become an ongoing inflation problem,
      The New York Times
      Mr. Powell said
    • 88:88
      It is too soon to say what will be the appropriate path for monetary policy,
      The New York Times
      he said at a conference in Virginia
    • 88:88
      Bill English (computer engineer)
      The risk to the Fed’s independence is bigger now,
      The New York Times
      Mr. English, the Yale professor, said
    • 88:88
      Kevin Hassett
      He’s not trying to tank the market.”
      The New York Times
      Pressed on the matter on Sunday, Mr. Hassett of the National Economic Council responded by saying
    • 88:88
      The burden of proof now is higher because of the inflation situation that we’re in,
      The New York Times
      said Seth Carpenter, a former Fed economist who is now at Morgan Stanley
    • 88:88
      The United States is shooting itself in the foot by tariffs, so we should not shoot ourselves in the foot as well,
      The New York Times
      wrote the researcher, He Bin, who was deputy director of the academy’s Center for Public Policy Research
    • 88:88
      There’s no sign yet that markets are finding a bottom and beginning to stabilize,
      The New York Times
      analysts at Deutsche Bank wrote in a note
    • 88:88
      Katherine Tai
      The tsunami is coming for everyone,
      The New York Times
      said Katherine Tai, who was the United States Trade Representative for former President Joseph R. Biden Jr
    • 88:88
      If the prices on foreign cars go up, they’re going to buy American cars,
      The New York Times
      he said of consumers
    • 88:88
      Resolutely support the spirit of the central government’s directive!”
      The New York Times
      wrote a military blogger with 4 million followers on Weibo
    • 88:88
      Richard Clarida
      They will not be inclined to be pre-emptive to cut rates to avoid what may be a downturn,
      The New York Times
      said Richard Clarida, a former vice chair at the Fed who is now a global economic adviser at Pimco, an investment firm
    • 88:88
      There might be some increase in prices,
      The New York Times
      he said on ABC’s “This Week.”