Stock market

Stock market

Stock Markets Plunge On US Recession Fears

In the United States, the tech-heavy Nasdaq Composite Index plummeted by 4.0 percent, seeing its worst day since 2022 after Trump declined to rule out the risk of a U.S. recession. The Nasdaq was bogged down by retreats in the so-called Magnificent Seven tech stocks, which include Google parent Alphabet, Apple, Amazon, Meta and Nvidia. Stocks in electric carmaker Tesla, led by Trump's billionaire advisor Elon Musk, closed more than 15 percent down.

Asian Stocks Build On Gains Ahead Of US Inflation Data

Tokyo's Nikkei returned from a long weekend to lead the rally and top the levels touched before last Monday's rout -- its worst since 1987 -- helped by a weaker yen and a Bank of Japan pledge not to hike interest rates further.

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