US recession fears to Middle East crisis: Decoding global stock market crash
Stock markets around the globe, especially those in Asia, crashed on Monday on fears of a recession in the US economy and rising geopolitical tensions in the Middle East.
The global stock market meltdown was triggered by widespread sell-offs, as investors hurried to move their risky assets into safer havens such as bonds and gold.
Asian stock markets took the biggest knock, plunging to multi-year lows, with Japan and the tech-focused markets of Taiwan and Korea experiencing the heaviest losses.
It may be noted that Japan’s Nikkei 225 plunged the most since 1987 due to the sell-off sparked by US recession fears on Monday.
Taiwanese stocks are down approximately 18% since their peak in mid-July but remain up over 11% for the year.
South…
