Reported 2 months ago
Global markets have plunged into selloff mode at the beginning of the week, reminiscent of historic market crashes like Black Monday in 1987. The volatility index has soared dramatically, driven in part by disappointing U.S. jobs data and rising Japanese interest rates, which have impacted asset values and liquidity. Notably, indices such as Japan's Nikkei saw a sharp 12% drop, mirroring significant declines across major global markets, with the S&P 500 and Nasdaq composite also experiencing substantial losses.
Source: YAHOO