Brace yourselves! Global markets took a wild ride on \"Black Monday\" as fears of a U.S. recession sent stocks spiraling down. 📉💥
In the U.S., the major players weren't spared. The Dow Jones Industrial Average and S&P 500 nosedived by 2.6% and 3.0%, respectively, marking their worst day since September 2022. Not to be left out, the Nasdaq Composite also tumbled 3.43%. That's some serious turbulence! 😱
The shockwaves reached across the Pacific, shaking up the Asia-Pacific markets. Japan's Nikkei Index plunged a whopping 12%, while South Korea's KOSPI Index dropped 9%. Ouch! But just when things looked bleak, Tuesday's opening brought a sigh of relief. The Asia-Pacific markets bounced back, clawing back some of those hefty losses. Talk about a rollercoaster! 🎢
What's causing all this drama? 🤔 Investors are jittery over signs of slowing growth in the U.S. economy, sparking fears of a potential recession. But hey, hang tight! Markets are known for their ups and downs, and who knows what tomorrow may bring? Stay tuned, amigos! 📺🌐
Reference(s):
cgtn.com
