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Global Markets Correct: How Will It Impact The Indian Stock Market?
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Markets in Asia-Pacific region slumped on Wednesday morning mirroring similar moves on Wall Street a day before as weak US economic data stoked recession fears. The Nikkei 225 was trading 1,399.23 points or 3.62% lower at 37,287.08, and the S&P ASX 200 was trading 162.20 points or 2.00% down at 7,941.00 as of. Wall Street traders pulled back from risk after a rally that had brought the S&P 500 near its all-time highs. The equity benchmark experienced its steepest decline since the Aug. 5 market crash. A key index of chipmakers dropped 5%, driven by a sharp fall in Nvidia Corp.
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