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International Business Times
International Business Times
Business
AFP News

Asian Markets Tumble As US Jobs Data Stoke Recession Fears

Recession United States Economy US Federal Reserve
Weak US jobs data for August fanned fresh worries about a recession in the world's number-one economy (Credit: AFP)

Asian markets tumbled Monday after another batch of worse-than-expected US jobs data revived fears about a possible recession in the world's top economy.

The big miss in the August non-farm payrolls reading was compounded by heavily revised down figures for the previous two months and ramped up bets on a Federal Reserve interest rate cut next week.

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