Reported 2 months ago
Asian stocks experienced significant declines on Friday, with Japan's Nikkei set for its worst day in over four years, following disappointing US manufacturing data that raised fears of an economic downturn. Geopolitical tensions and the anticipation of the US non-farm payrolls report added to the market's bearish sentiment, leading to rising safe-haven currencies like the Swiss franc and yen. Investors are closely watching the impending job data for signals regarding the Federal Reserve's potential interest rate cuts.
Source: YAHOO