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(Reuters) -- Wall Street's main indexes slumped on Monday as risk appetite among investors dropped on fears of a U.S. recession following weak economic data last week, sending tremors across global markets.
Hasina, known as the iron lady of Bangladesh, resigns and flees the country after weeks of deadly protests.
JAKARTA -- Indonesia's economy grew 5.05% in April-June from a year earlier, roughly matching analysts' expectations, the country's statistics agency said on Monday.
(Reuters) -- Wall Street's main indexes slumped on Monday as fears of the United States tipping into recession following weak economic data last week rippled through global markets.
TOKYO -- The Malaysian ringgit climbed to its strongest against the dollar since April 2023 in Tokyo trading on Monday, supported by a solid economy, as weak U.S. economic data spurred selling of the greenback.
Investors on Monday turned to safe-haven assets as a global stock sell-off deepened, following weaker-than-expected U.S. jobs data at the end of last week.
Global stock markets are in the grip of a deepening rout, prompting investors to turn to one of the most historically accurate indicators to determine whether the U.S. economy is in recession.
Anticipation of US interest rate cuts in September drove China’s yuan to a seven-month high against the US dollar on Monday, and also boosted the Japanese yen, with some analysts expecting the outlook for the Chinese currency would still largely depend on the strength of the US dollar.