• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Tuesday, July 8, 2025
26 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    'We always planned on coming back… here we are again', says Kohli on attending Wimbledon match at Centre Court

    'We always planned on coming back… here we are again', says Kohli on attending Wimbledon match at Centre Court

    Shadab Khan, Haris Rauf to miss Bangladesh T20Is due to injuries

    Shadab Khan, Haris Rauf to miss Bangladesh T20Is due to injuries

    Paolini announces split with coach Marc Lopez after Wimbledon exit

    Paolini announces split with coach Marc Lopez after Wimbledon exit

    You've got to play him: Anderson urges England to bring Archer for Lord's Test

    You've got to play him: Anderson urges England to bring Archer for Lord's Test

    Olympic champion Nathan Hales registers for SLI, says 'privilege to be part of something new and ambitious'

    Olympic champion Nathan Hales registers for SLI, says 'privilege to be part of something new and ambitious'

    England were back to old ways after doing 'Bazball with brains' in Leeds: Vaughan

    England were back to old ways after doing 'Bazball with brains' in Leeds: Vaughan

    ICC appoints Sanjog Gupta as its new CEO

    ICC appoints Sanjog Gupta as its new CEO

    'I did think we declared late… but India won that's important': Dilip Vengsarkar

    'I did think we declared late… but India won that's important': Dilip Vengsarkar

    Shubman Shines, Akash Roars against England: India Breach Edgbaston Fortress

    Shubman Shines, Akash Roars against England: India Breach Edgbaston Fortress

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    'We always planned on coming back… here we are again', says Kohli on attending Wimbledon match at Centre Court

    'We always planned on coming back… here we are again', says Kohli on attending Wimbledon match at Centre Court

    Shadab Khan, Haris Rauf to miss Bangladesh T20Is due to injuries

    Shadab Khan, Haris Rauf to miss Bangladesh T20Is due to injuries

    Paolini announces split with coach Marc Lopez after Wimbledon exit

    Paolini announces split with coach Marc Lopez after Wimbledon exit

    You've got to play him: Anderson urges England to bring Archer for Lord's Test

    You've got to play him: Anderson urges England to bring Archer for Lord's Test

    Olympic champion Nathan Hales registers for SLI, says 'privilege to be part of something new and ambitious'

    Olympic champion Nathan Hales registers for SLI, says 'privilege to be part of something new and ambitious'

    England were back to old ways after doing 'Bazball with brains' in Leeds: Vaughan

    England were back to old ways after doing 'Bazball with brains' in Leeds: Vaughan

    ICC appoints Sanjog Gupta as its new CEO

    ICC appoints Sanjog Gupta as its new CEO

    'I did think we declared late… but India won that's important': Dilip Vengsarkar

    'I did think we declared late… but India won that's important': Dilip Vengsarkar

    Shubman Shines, Akash Roars against England: India Breach Edgbaston Fortress

    Shubman Shines, Akash Roars against England: India Breach Edgbaston Fortress

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
Home Business

Fear Grips Global Markets: Asian Markets Hit Hard by US Economic Concerns and Interest Rate Hike

ENEWSTIME Desk by ENEWSTIME Desk
August 5, 2024
in Business
30
VIEWS
Share on FacebookShare on Twitter

Global markets were in the deep red on Monday as the US economic slowdown weighed heavily on the financial markets. 

Heavy selling pressure was seen in all major Asian markets.

Japan crashed by 10 per cent, Seoul tumbled over 8 per cent, Taipei fell by 4.43 per cent, Jakarta was down nearly 2 per cent, Hong Kong and Shanghai were down 1.43 per cent and 0.83 per cent) respectively.

South Korea’s news agency Yonhap reported that due to a crash trading in the local benchmark index KOSPI 200 index held for five minutes.

The US stocks fell for the second consecutive session on Friday last week, with the Dow Jones Industrial Average sliding 1.51 per cent and the tech-heavy Nasdaq Composite sinking 2.43 per cent.

A disappointing jobs report spurred investor fears that the world’s largest economy is headed toward a recession, the report said

Indian stock markets also opened in the deep red on Monday. At 11 a.m., the Sensex was at 78,798, down 2,183 points or 2.70 per cent, and the Nifty was at 24,061, down 657 points or 2.66 per cent.

Santosh Meena, Head of Research, Swastika Investmart said, “The global market is reeling as bears enter with a cocktail of bad news. The fear of a reverse Yen carry trade, following an interest rate hike in Japan, was the initial catalyst. This was compounded by fears of a recession in the USA after extremely poor job data, which spooked market sentiment.“

“The rally in the global stock markets has been driven mainly by consensus expectations of a soft landing for the US economy. This expectation is now under threat with the fall in the US job creation in July and the sharp rise in the US unemployment rate to 4.3 per cent. Geopolitical tensions in the Middle East also are a contributing factor,” other experts said.

*Except for the heading, this story has not been edited by The enewstime.in and has been published from IANS feed.

Related Posts

PC Jeweller's share plunges after exchanges put stock under surveillance
Business

PC Jeweller's share plunges after exchanges put stock under surveillance

July 8, 2025
Indian IT sector to witness soft growth in Q1 despite seasonal strength: Report
Business

Indian IT sector to witness soft growth in Q1 despite seasonal strength: Report

July 8, 2025
‘Hum karke dikhate hain’: Adani Group’s advertisement on lighting up lives strikes a chord
Business

‘Hum karke dikhate hain’: Adani Group’s advertisement on lighting up lives strikes a chord

July 8, 2025
Stock market trades higher ahead of India-US trade deal
Business

Stock market trades higher ahead of India-US trade deal

July 8, 2025
Fintechs must curb fraud with AI use, ensure financial inclusion: DFS Secretary
Business

Fintechs must curb fraud with AI use, ensure financial inclusion: DFS Secretary

July 7, 2025
Union Minister Singh highlights Defence investment’s catalystic impact on India's economy
Business

Union Minister Singh highlights Defence investment’s catalystic impact on India's economy

July 7, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

Tripura Post Offices Prep for APT App Launch on July 15, No Transactions on July 14

Anti-rabies vaccine available in nearly four-fifths of public health facilities in India: Lancet

Karnataka: Three dead, six hospitalised after drinking 'contaminated' water

Shabana Azmi & Javed Akhtar reiterate their faith in Air India; Call it 'best inflight service'

PC Jeweller's share plunges after exchanges put stock under surveillance

'We always planned on coming back… here we are again', says Kohli on attending Wimbledon match at Centre Court

Contact us

19, Old Thana Road. Banamalipur. PO. Agartala. Pin code 799001. Tripura (West), India.

Email: enewstime2017@gmail.com

Wa: 8794548041

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders

© 2025 Designed & Developed with ❤️ by Provibe Media LLP