Asian stock markets tumble after US data fans recession fears

Category: Finance

Asian stock markets plunged, led by Tokyo, following weak US jobs data that raised recession fears and increased expectations for Federal Reserve interest rate cuts. The Nikkei fell significantly, reflecting broader losses across the region, with tech firms being the hardest hit. The Japanese government is monitoring the situation closely amid concerns over the economy's status.

Keywords: Asian stock markets, US jobs data, recession fears

Source: The Guardian

Update At: 8/5/2024

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