Macau Business on Nostr: Asian stocks tank after US data fans recession fears ========== Asian stocks ...
Asian stocks tank after US data fans recession fears
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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/Published at
2024-08-05 10:38:44Event JSON
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"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/",
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