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 V

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