Japanese Stocks Tumble, Leading Equities Selloff: Markets Wrap

Category: Finance

Stocks are experiencing a selloff due to concerns over the Federal Reserve's delayed action on a slowing US economy, with significant declines in Japanese shares and a rise in oil prices amid geopolitical tensions. The Fed's decision to maintain high rates is raising fears of a deeper economic slowdown, while traders anticipate potential rate cuts in the coming months.

Keywords: Stock Market, Federal Reserve, Economic Slowdown

Source: Yahoo Finance

Update At: 8/5/2024

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