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A rapid unloading of "carry trades" extended on Monday, with market participants seeking to roll back on the popular strategy amid a dramatic global sell-off in risk assets.
NEW YORK -- U.S. stock indexes ended the trading day down sharply Monday, with the global market rout expected to continue in Asia when trading in Japan begins Tuesday morning, according to market analysts.
Japan stocks confirmed a bear market on Monday as Asia-Pacific markets continued the sell-off from last week, with the Nikkei 225 and Topix dropping over 12%.
LONDON — European markets fell sharply at the start of the new trading week, though pared losses towards the end of the session amid a global stock sell-off.
SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son's fortune.
(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.
Satyajit Das, a former banker, is the author of "A Banquet of Consequences: Reloaded" and "Wild Quests."
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.