Reported 2 months ago
A significant selloff in global stock markets has erased over $6.4 trillion in value, prompting fears among traders of a looming financial crisis. Major indices plummeted sharply, with the Nikkei down 12%, and concerns about economic fundamentals intensified as disappointing job reports and tech earnings shattered key assumptions that had underpinned market optimism. This turmoil has led to increased calls for the Federal Reserve to cut interest rates, reflecting growing anxiety about the potential for a recession.
Source: YAHOO