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Global Markets Plunge Amid Growing U.S. Recession Fears - Aug 2024

By Michael Davis - Aug 05, 2024 03:58 PM EDT

On August 5, 2024, global stock markets experienced significant declines due to growing fears of a potential US recession, with Asian markets particularly hard hit. The Nikkei 225 in Japan fell by 12.40%, marking its largest one-day drop since 1987, while China's Shanghai Composite and Hong Kong's Hang Seng Index also saw substantial losses.

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