The global market suddenly encountered an unprecedented "epic" collapse storm, and its shocking force swept the global financial landscape like a tsunami. The root cause of this turmoil is deeply rooted in the Bank of Japan's unexpected interest rate hike decision. This move is like a boulder thrown into a calm lake, instantly stirring up thousands of waves and triggering a capital flight that has long relied on a low interest rate environment for carry trading.

As a result, the yen soared and the exchange rate soared like a rocket, which not only punctured the bubble illusion of the global market, but also forced investors to rush to deleverage to avoid being swallowed by the market torrent.

At the same time, the US economy across the ocean also revealed the shadow of recession, the non-agricultural employment data was weak and the unemployment rate quietly climbed, like a piece of snowflakes in winter, gradually accumulating into a sign of a cold winter.

The financial reports released by technology giants made the situation even worse. The poor performance was like lightning under the night sky, illuminating the market's worries and uneasiness. This series of negative factors are intertwined, like an invisible net, tightly binding market sentiment and causing it to deteriorate rapidly to freezing point.

In this context, market liquidity has encountered an unprecedented test, and investors are competing to sell assets in exchange for cash, forming a heart-pounding "stampede". The Japanese stock market was the first to be hit, plummeting by more than 12%, and the depth and speed of the decline were jaw-dropping. This panic quickly spread to neighboring Asian countries, and the Korean stock market was not spared.

The US stock market, far away on the other side of the earth, has already felt the chill in pre-market trading. Even Bitcoin, known as "digital gold", has lost its former luster in this storm, and its price has plummeted, echoing the sluggish atmosphere in the global market.