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Investors diverge over US recession concerns amid global market sell-off
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Japan's Nikkei 225 was down 12.4% as markets closed on Monday, according to data from MarketWatch, the worst one day fall in over three decades. The US Nasdaq Composite opened 6.3% lower on Monday morning, while the S&P 500 was down 4.2%. The fall came amid concerns over a US recession after traders reacted to lower-than-expected employment figures from the world's largest economy on Friday (2 August), which collided with worries from investors and analysts that the Federal Reserve may have delayed beginning its rate cutting cycle for too long. Japanese index suffers worst ever fa...
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