Reported 2 months ago
Asian stock markets faced a significant drop, hitting their lowest point since June 2022. Factors contributing to this downturn include a selloff in Japan due to rising interest rate fears, disappointing earnings from major US tech companies, and concerns over the US economy's health indicated by rising unemployment claims. The MSCI Asia Pacific Index fell by 2.8%, with significant losses observed in tech-heavy markets such as South Korea and Taiwan, leading to skepticism about future growth.
Source: YAHOO