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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Stocks Hammered After US Data Fans Recession Fears

United States Recession Economy US Federal Reserve Stephen Innes Tokyo
Expectations for rate cuts next year has weighed on the dollar against the pound and euro, though it remains elevated versus the yen. (Credit: AFP)

Tokyo led a collapse across Asian and European equities Monday, after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.

Trading boards showed a sea of red following another hefty day of losses on Wall Street, where heavyweight tech firms including Amazon and Microsoft took the brunt over worries an AI-fuelled rally this year may have been overdone.

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