Global markets tumble amid Wall Street losses, U.S. economic fears
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Japan's Nikkei 225 index fell by 12.4 percent on Monday, coming close to its worst dive in October 1987; Other markets in the region also fell, including South Korea's Kospi index by 8.77 percent, Taiwan's Taiex by 8.35 percent, Australia's S&P/ASX 200 by 3.7 percent, Hong Kong's Hang Seng Index by 1.46 percent, and China's Shanghai Composite stock market index by 1.54 percent; European and U.K. markets fell by about 2 percent in early trading Monday; The dips come after a two-day Wall Street rout attributed to weaker than expected U.S. economic data; The U.S. Labor Department reported that the unemployment rate had spiked to 4.3 percent, with employers adding 114,000 jobs in July, a weaker-than-expected showing; The Nikkei 225 has slid by more than 20 percent since last month, after reaching all-time highs of over 42,000 points in July; Japan's chief cabinet secretary, Yoshimasa Hayashi, said they will watch the market trends with a sense of urgency and take all possible measures to manage the economy and finances
https://www.washingtonpost.com/business/2024/08/05/japan-stock-market-crash/
The Washington Post /
npub1nw…97m8h
2024-08-05 10:39:40
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npub1nwad78hejfewj63p264uf2sxh0a5az753pw7auscrlupefjtr27sp97m8hPublished at
2024-08-05 10:39:40Event JSON
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"content": "Global markets tumble amid Wall Street losses, U.S. economic fears\n==========\n\nJapan's Nikkei 225 index fell by 12.4 percent on Monday, coming close to its worst dive in October 1987; Other markets in the region also fell, including South Korea's Kospi index by 8.77 percent, Taiwan's Taiex by 8.35 percent, Australia's S\u0026P/ASX 200 by 3.7 percent, Hong Kong's Hang Seng Index by 1.46 percent, and China's Shanghai Composite stock market index by 1.54 percent; European and U.K. markets fell by about 2 percent in early trading Monday; The dips come after a two-day Wall Street rout attributed to weaker than expected U.S. economic data; The U.S. Labor Department reported that the unemployment rate had spiked to 4.3 percent, with employers adding 114,000 jobs in July, a weaker-than-expected showing; The Nikkei 225 has slid by more than 20 percent since last month, after reaching all-time highs of over 42,000 points in July; Japan's chief cabinet secretary, Yoshimasa Hayashi, said they will watch the market trends with a sense of urgency and take all possible measures to manage the economy and finances\n\n\n\nhttps://www.washingtonpost.com/business/2024/08/05/japan-stock-market-crash/",
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