Reported 2 months ago
Global markets saw a sharp decline on Monday, driven by significant factors including the U.S. Federal Reserve's interest rate policy, the unwinding of the yen-carry trade, a reset of major tech stocks, spikes in market volatility, and rising geopolitical tensions in the Middle East. The selloff has led to a loss of over $1.3 trillion in U.S. stock value, particularly affecting the tech-heavy Nasdaq, which has entered correction territory.
Source: YAHOO