Asian markets fell sharply on September 9 due to disappointing US job data and recession fears.

Asian markets fell sharply on September 9 after disappointing U.S. job data heightened recession fears. The August non-farm payrolls report showed only 142,000 jobs added, well below expectations, leading to speculation of a potential Federal Reserve interest rate cut. The negative sentiment particularly impacted the tech sector, with major companies like TSMC and Broadcom facing significant losses.

September 09, 2024
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