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<p>Will there be a second round of adjustments for US and Japanese stocks? The third quarter is an important observation period. Regarding the adjustments of US and Japanese stocks, it can be observed that the subsequent performance of the US economy is a key variable. On one hand, the US economy directly affects US stocks, and US stock adjustments will also drive Japanese stock adjustments; on the other hand, assuming a weakening US economy, the logic of yen appreciation may be further strengthened, thereby affecting the liquidity of the Japanese stock market</p>

- The recent adjustment in the US stock market stems from weakening US economy, concerns over tech giants' earnings, and seasonal patterns. Weak US employment data and a significant decline in manufacturing activity have heightened market worries about the US economy.
- Market concerns also arise from tech giants' earnings reports, fearing that the high stock valuations may not align with expected earnings growth, potentially hindering further stock price increases.
- Japanese stock market adjustments are influenced by the US market and recent factors like the Bank of Japan's interest rate hike, yen appreciation, and carry trades. The adjustments reflect cumulative reactions to Japan's monetary policy changes and may impact the economy and trading liquidity.