Asian markets: Fears of US recession trigger panic selloff among investors
Asian markets have started the week with a brutal selloff, triggering circuit breakers in Japan and South Korea for the first time since the COVID-19 pandemic. Markets were spooked by fears of a recession in the US, sending stocks plunging across the region, as well as in Europe. Equities in Japan, South Korea and Taiwan were among the hardest hit. Japan's markets slumped the most in Asia.
Asian markets have started the week with a brutal selloff, triggering circuit breakers in Japan and South Korea for the first time since the COVID-19 pandemic. Markets were spooked by fears of a recession in the US, sending stocks plunging across the region, as well as in Europe. Equities in Japan, South Korea and Taiwan were among the hardest hit. Japan's markets slumped the most in Asia.
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