Japanese market has biggest one day fall ever as Australian stocks slump, ABC News

Sparked by fears of a US recession, the ASX has shed more than 100 billion, tumbling 3. 7. Meanwhile, on the back of hiking interest rates, the Japanese market had a massive fall. Subscribe: Economist Besa Deda says Fridays release of US payroll data prompted a market panic. ABC News provides around the clock coverage of news events as they break in Australia and abroad. It s news when you want it, from Australia s most trusted news organisation. For more from ABC News, click here: Watch more ABC News content adfree on ABC iview: Go deeper on our ABC News Indepth channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on X (Twitter): Note: In most cases, our captions are autogenerated. , ABCNews, ABCNewsAustralia