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Biser Varchev at Nova News TV: Collapse of stock markets in Asia

Biser Varchev Analyzes Japanese, American Stock Markets, and European Markets

  • Panic is always an overstatement of the facts.
  • A 10% drop is significant, but for professionals, it’s “just another day at the office.”

Market crash on Monday morning. Japanese stock markets were the most affected. American markets dropped between 8% and 10%. Panic is always an overstatement of the facts. A 10% drop is significant, but for professionals, it’s “just another day at the office.” This was stated by investment expert Biser Varchev on “Your Day” on NOVA NEWS.

The reasons for this mini-crash are several, and they coincided at the same moment, he further noted.

“The economy of the Old Continent is worse than the American and Japanese. In the past year, it can be compared to the Chinese economy, which was quite down, as is evident from their stock market,” Varchev added. He also mentioned that this process has not affected Bulgaria, as our market is very small.

Watch the entire conversation in the video.

Nova News

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