Global financial markets have fallen sharply over recession fears, with tech stocks particularly hit.
Nvidia’s shares dropped nearly 10%, wiping $279 billion from its valuation due to reduced optimism about AI growth.
The S&P 500 and Nasdaq in the US fell over 2% and 3%, respectively, affecting major tech firms like Alphabet, Apple, and Microsoft.
Asian markets mirrored this decline: Japan’s Nikkei 225 dropped 3.3%, South Korea’s Kospi 2.7%, and Hong Kong’s Hang Seng 0.7%.
Investors now await the US non-farm payrolls report for clues on future Federal Reserve interest rate moves.
