Aug 5 (Lagos) - Stocks fell from Tokyo to New York as investors worried about geo-political stability and also fears about a recession in US economy sent jitters across the globe.
The so called MAG-7 stocks of the US tech sector were down heavily at the time of writing this article and lost more than $500 billion in market value so far today.
Earlier in the day, Asian markets fell sharply from Japan to Singapore it was a sea of red across the board. Indian and Korean markets followed them lower.
From geo-political tensions in the middle east to internal riots in the UK, the world is looking like a more troubled place compared to just a week ago. However back home, the stock market declined just moderately with stocks like
OANDO &
PRESCO enjoying a very good day.
reporting for easykobo.com on Monday, August 5 2024 from Lagos, Nigeria