Black Monday: who is to blame ?

Collapse of the Japanese Stock Market on August 5, 2024: A 12.4% Drop in a Single Session – The Worst Since the Infamous “Black Monday” of 1987!

I see multiple reasons for this:

1. Low Liquidity: The traditionally low liquidity in financial markets during the summer months.
2. Weak Governance: The poor governance by Japanese authorities. I take this opportunity to pay tribute to Shinzō Abe, who was assassinated just over two years ago. He had managed to break the Japanese curse of the “lost decades,” which has been so characteristic of this country.
3. Geopolitical Risks: Major geopolitical risks, particularly the looming threat of war in the Middle East, which will inevitably engulf the entire region in the very short term.
4. Aggravation of the War in Ukraine: The likely worsening of the war in Ukraine, which has somewhat faded into the background due to the current events in the Middle East. I imagine that some will take advantage of diverted attention to breach all remaining barriers.
5. Economic and Human Fallout: The inevitable economic, financial, security, and human repercussions on us in the West. The level of stress and anxiety is unfortunately bound to rise significantly, especially in countries like France, where sensitivity to the turmoil in these regions is more pronounced than in other European nations.
6. Start of a Market Bubble Burst: The beginning, and I emphasize only the beginning, of the deflation of the speculative bubble in the stock markets. The market surges and valuations in recent years have been inversely correlated with the real world.
7. Any other suggestions?