{"id":108114,"date":"2024-08-05T02:22:04","date_gmt":"2024-08-05T02:22:04","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/05\/market-rout-asia-stocks-slump-after-shares-fell-sharply-last-week\/"},"modified":"2024-08-05T02:22:04","modified_gmt":"2024-08-05T02:22:04","slug":"market-rout-asia-stocks-slump-after-shares-fell-sharply-last-week","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/05\/market-rout-asia-stocks-slump-after-shares-fell-sharply-last-week\/","title":{"rendered":"Market rout: Asia stocks slump after shares fell sharply last week"},"content":{"rendered":"
\"Market<\/div>


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Stock markets in Asia slumped on Monday morning, following big falls by major indexes around the world last week.<\/p>\n

In Japan, the Nikkei 225 was trading around 6% lower, while the Topix was down more than 7%.<\/p>\n

It comes after weak jobs data in the US on Friday sparked fears of a recession in the world’s largest economy.<\/p>\n

Meanwhile, the yen has been strengthening against the US dollar since the Bank of Japan raised interest rates last week, making stocks in Tokyo more expensive for foreign investors.<\/p>\n<\/div>\n

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Elsewhere in Asia, Taiwan\u2019s main share index was down by 6.7%, with chip making giant TSMC more than 6% lower. In South Korea, the Kospi index fell by over 4% lower.<\/p>\n

However, the Hang Seng in Hong Kong was down by just 0.3% in morning trade, while the Shanghai Stock Exchange was up a little.<\/p>\n

On Friday, stocks in New York fell sharply after official jobs data showed that US employers added 114,000 jobs in July, far fewer than expected.<\/p>\n

The figures raised concerns that a long-running jobs boom in the US might be coming to an end and drove speculation about when and by how much the Federal Reserve will cut interest rates.<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock markets in Asia slumped on Monday morning, following big falls by major indexes around the world last week. In Japan, the Nikkei 225 was trading around 6% lower, while the Topix was down more than 7%. It comes after weak jobs data in the US on Friday sparked fears of a recession in the […]<\/p>\n","protected":false},"author":2,"featured_media":108115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/f738\/live\/10d45960-52cd-11ef-9e4a-853a5d5395ca.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[1225,2437,1602,29512,1253,6975,8188,6789,1513],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/108114"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=108114"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/108114\/revisions"}],"predecessor-version":[{"id":108116,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/108114\/revisions\/108116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/108115"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=108114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=108114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=108114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}