Asian stocks tank after US data fans recession fears
==========
Asian stocks plummeted after weak US jobs data fueled fears of a recession in the US; Tokyo's Nikkei tanked more than 12 percent, its worst day since the Fukushima crisis in 2011; Tech firms were the biggest losers, with chip titan TSMC losing nearly 10 percent in Taipei; The yen hit a six-month high against the dollar as expectations of Federal Reserve interest rate cuts increased; The US economy added just 114,000 jobs in July, well below expectations; Speculation is growing that the Fed will lower rates by a full percentage point before January.
#AsianStocks #UsData #RecessionFears #Tokyo #Nikkei #TechFirms #Tsmc #Yen #FederalReserve #InterestRateCuts
https://www.macaubusiness.com/asian-stocks-tank-after-us-data-fans-recession-fears/
Macau Business /
npub1d8…pu5nv
2024-08-05 10:38:44
Author Public Key
npub1d8uqud8pw0kwl5e0rrcy36yxjfgewrkutxjrgltdnseg2mhydxkqppu5nvSeen on
wss://relay.damus.ioPublished at
2024-08-05 10:38:44Event JSON
{
"id": "e9691b5b2e1a4394afa282063b893e10d5ae08cf08707db8f9effe567421ea59",
"pubkey": "69f80e34e173ecefd32f18f048e8869251970edc59a4347d6d9c32856ee469ac",
"created_at": 1722854324,
"kind": 1,
"tags": [],
"content": "Asian stocks tank after US data fans recession fears\n==========\n\nAsian stocks plummeted after weak US jobs data fueled fears of a recession in the US; Tokyo's Nikkei tanked more than 12 percent, its worst day since the Fukushima crisis in 2011; Tech firms were the biggest losers, with chip titan TSMC losing nearly 10 percent in Taipei; The yen hit a six-month high against the dollar as expectations of Federal Reserve interest rate cuts increased; The US economy added just 114,000 jobs in July, well below expectations; Speculation is growing that the Fed will lower rates by a full percentage point before January.\n\n#AsianStocks #UsData #RecessionFears #Tokyo #Nikkei #TechFirms #Tsmc #Yen #FederalReserve #InterestRateCuts\n\nhttps://www.macaubusiness.com/asian-stocks-tank-after-us-data-fans-recession-fears/",
"sig": "60773fb0b5b619783667d6e17fe108002df0839c6d5fe326b444bb2782941dd72365dcf49193f263b24351d4a257a032cd8cf2132513d28c8c7cc487bb161290"
}