{"id":108174,"date":"2024-08-05T05:57:17","date_gmt":"2024-08-05T05:57:17","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/05\/fears-of-us-recession-send-asian-stock-markets-tumbling\/"},"modified":"2024-08-05T05:57:17","modified_gmt":"2024-08-05T05:57:17","slug":"fears-of-us-recession-send-asian-stock-markets-tumbling","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/05\/fears-of-us-recession-send-asian-stock-markets-tumbling\/","title":{"rendered":"Fears of US recession send Asian stock markets tumbling"},"content":{"rendered":"
\"Fears<\/div>\n
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Stock markets in Asia have dropped sharply during trading on Monday amid fears the US economy may be heading for a recession.<\/p>\n

Japan’s Nikkei 225 share index fell by as much as 10% at one point, while the market’s broader TOPIX index also fell 8%.<\/p>\n

South Korea’s KOSPI index also dropped more than 8% on Monday, while India’s Nifty 50 fell more than 2%.<\/p>\n

It comes after US jobs market data on Friday came in much lower than expected for July<\/a><\/strong>. Some 114,000 jobs were created during the month – significantly lower than the 175,000 jobs forecast by Wall Street.<\/p>\n

<\/p>\n

<\/a><\/p>\n

The figure was the weakest since December last year and the second weakest since the start of the COVID pandemic in the West in March 2020.<\/p>\n

Robert Carnell, from financial services firm ING, said: “What we are looking at now is a situation where the market is viewing what’s going on in the US macro economy as ticking the recession box.”<\/p>\n

Concerns globally have also been heightened by worries over the strength of China’s economy and several weak earnings reports from major technology firms<\/a><\/strong> last week, as investors grow jittery over potential returns from investment in AI.<\/p>\n

This breaking news story is being updated and more details will be published shortly.<\/em><\/p>\n

Please refresh the page for the fullest version.<\/em><\/p>\n

You can receive breaking news alerts on a smartphone or tablet via the Sky News app<\/strong><\/a>. You can also follow @SkyNews on X<\/strong><\/a> or subscribe to our YouTube channel<\/strong><\/a> to keep up with the latest news. <\/em><\/p>\n<\/p><\/div>\n


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

Stock markets in Asia have dropped sharply during trading on Monday amid fears the US economy may be heading for a recession. Japan’s Nikkei 225 share index fell by as much as 10% at one point, while the market’s broader TOPIX index also fell 8%. South Korea’s KOSPI index also dropped more than 8% on […]<\/p>\n","protected":false},"author":2,"featured_media":108175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/e3.365dm.com\/24\/08\/1920x1080\/skynews-nikkei-japan-stock-market_6647648.jpg?20240805062550","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[6030,2622,9036,2434,839,1601,51265],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/108174"}],"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=108174"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/108174\/revisions"}],"predecessor-version":[{"id":108176,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/108174\/revisions\/108176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/108175"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=108174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=108174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=108174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}