Japanese stocks fell sharply on Monday following the release of weaker-than-expected U.S. jobs data on Friday, which had a knock-on effect on the global economic outlook.The latest U.S. jobs report showed that nonfarm payrolls increased by just 120,000 in July, significantly below the market expectations of 200,000. The unemployment rate rose to its highest level since 2021, according to the U.S. Labor Department.
Additionally, markets in Singapore, Indonesia, and Thailand all also fell by around two and three percent.When the U.K. markets opened on Monday, there was a similar impact. The FTSE 100 suffered its biggest drop in more than a year, with the index opening down 159.05 points.U.S. stock futures fell significantly ahead of the market open. The Dow Jones Industrial Average are down by over 600 points, while S&P 500 Futures dropped 140 points.
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Source: NBCNews - 🏆 10. / 86 Read more »