Global Stock Markets Shaken By US Recession Fears; Japan’s Nikkei Sees Worst Day Since 1987
Global Stock Markets Shaken By US Recession Fears; Japan’s Nikkei Sees Worst Day Since 1987
Global stock markets plummeted on August 5 amid fears over the US economy, with Japan’s Nikkei and Topix indices dropping over 12%. The Nikkei 225 experienced its worst day since 1987, erasing all gains for the year. Stocks of major Japanese companies like Mitsubishi, Mitsui, Sumitomo, and Marubeni fell over 14%. South Korea’s Kospi index fell 8.77%, halting trading for about 20 minutes, while India’s Sensex and Nifty dropped over 3%. Stock indices in Taiwan, China, and Australia also declined. US unemployment data for July has rattled markets, stoking fears that the world’s largest economy might be heading towards recession. Investors are turning towards safe-haven assets like Japan’s yen, driving Bitcoin down to $53,000.
—
US Recession | Stock Market | Nikkei | Topix | US Economy | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News
#usrecession #useconomy #recession #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews
Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.
Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
https://www.youtube.com/@Firstpost
Follow Firstpost on Instagram:
https://www.instagram.com/firstpost/
Follow Firstpost on Facebook:
https://www.facebook.com/firstpostin/
Follow Firstpost on Twitter:
Tweets by firstpost
Follow Firstpost on WhatsApp:
https://www.whatsapp.com/channel/0029Va6zOIrEQIamseyg762V
12 Comments
Print print and print more 😂🍻
I hate this channel with every fiber of my being.
Book out all positions and wait a month or two
See what Biden did.
No, it was a bad carry trade scheme triggered by Japan's interest rate. But now it will be recession worldwide.
It's stupid how America's economic status affects all the world
This the perfect time to buy!
Palki : China collapse…!!! India markets high record 😋😜😁
I blame the Biden, Harris, Obama and of course Hillary for the economic decline of the US, horrible policy and little to no effort
all in wait for that short term rebound let go
wonder who is making this fear, myself I see nothing but opportunity. making money hand over fist, my taxs is going to eat a lot up though
We can thank our gweedy, core-rupt, politician and corporate suits.