Global stock markets report simultaneous falls in their indicators

Published at: 05/08/2024 09:33 AM

This Monday, Asian stock markets plummeted, led by those of Japan, South Korea and Taiwan, following last week's global declines and amid fears of a recession in the United States (USA).

In addition, the main stock exchanges in Europe were added and all this in the expectation of the first operations on Wall Street, Telesur details.

Nikkei plummeted to the close of the session by 12.40 percent, its second largest historical decline, driven by the US due to the strengthening of the yen, encouraged by the latest rate hike from the Bank of Japan (BOJ).

The Seoul Stock Exchange, on the other hand, fell 8.77 percent at the close of trading. The South Korean market, like the rest of the Asian ones, has today been affected by the falls with which Wall Street closed last week.

Island technology companies, carried away by American ones, were the most affected: the titles of Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest chip manufacturer, lost 9.75 percent at the end of the session, as did Hon Hai (Foxconn), an assembler of numerous Apple products, whose shares fell by 9.92 percent.

Mazo News Team