Japan’s Nikkei 225 index plunges nearly 13% as world markets tremble over risks to the US economy
- Japan’s Nikkei 225 stock index fell by 7.1% early Monday, continuing sell-offs that began last week and extending its losses to 21% since early July.
- U.S. Jobs data showing slower hiring has heightened fears of a recession, causing global markets to decline sharply.
- "Markets are still reeling from last Friday’s seismic shifts in the global financial landscape," noted Stephen Innes of SPI Asset Management.
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