Global stock markets take a tumble: 05th August 2024

- *Massive Selloffs*: Global equity markets experienced massive selloffs due to the US economic slowdown. - *Asian Market Impact*: Japan's Nikkei tumbled by 12.4%, and South Korea's KOSPI dived over 8%. Other Asian markets like Taipei, Jakarta, Hong Kong, and Shanghai also saw significant losses. - *US Market Impact*: The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all fell sharply due to growing concerns about a slowing US economy. - *Indian Market Impact*: The BSE Sensex plummeted 2,222.55 points, or 2.74%, to close at 78,759.40, and the NSE Nifty fell 662.1 points or 2.68% to end the day at 24,055.6. - *Global Recession Fears*: The global stock market is experiencing a significant downturn, triggered by fears of an impending US recession and a flight towards safer investments.

Global stock markets take a tumble: 05th August 2024

Global stock markets take a tumble: 05th August 2024

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