Asian financial markets are preparing for heavy selloff due to global stock market plunge

From Alphabet Inc.: 2024-09-08 19:32:28

Asian financial markets are preparing for a significant selloff following a global stock market plunge. The Hang Seng index in Hong Kong fell by over 3% on Monday, while Japan’s Nikkei 225 dropped 2.4%. Investors are concerned about rising COVID-19 cases and potential lockdowns impacting economic recovery.

Economists fear that inflation concerns and the spread of the Delta variant are causing a lot of uncertainty in the markets. The Asian markets are expected to face continued volatility in the coming days as investors closely monitor the situation. The Shanghai Composite index also saw a 2% decline on Monday amid growing concerns.

As the global stock market downturn continues, Asian markets are bracing for further impact. Analysts are warning of potential further selloffs if the situation worsens. Some of the worst-hit sectors have been technology and energy, with investors opting for safe-haven assets like government bonds. The situation remains fluid as markets await further developments.



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