From Investing.com: 2024-08-01 22:58:04

Asian stocks plummeted on Friday following Wall Street’s overnight decline, driven by fears of slowing economic growth. Weak U.S. data and concerns over a late Fed rate cut added to the negative sentiment. The Nikkei hit a 6-month low after the BOJ hinted at further rate hikes, signaling an end to stimulus measures. Japanese stocks, particularly exporters, suffered losses, with Toyota down 3.1% on disappointing earnings. Other Asian markets were also hit, with South Korea, Hong Kong, and Australia recording heavy losses. Chinese markets fared slightly better but remained weak, with India’s index also set for a weak open after reaching a record high.



Read more at Investing.com: Asian stocks slump on growth concerns; Nikkei hits 6-mth low in post-BOJ rout By Investing.com