Global market update | China, Hong Kong indices plunge over 3%, headed for worst day in a year
Asian markets experienced their worst day in nearly a year as the Middle East conflict fueled stagflation fears and market volatility. Investors divested from sectors like tech and travel, anticipating higher oil prices and reduced demand. Conversely, energy and electric vehicle stocks saw gains amid a push for energy security.
Asian markets experienced their worst day in nearly a year as the Middle East conflict fueled stagflation fears and market volatility. Investors divested from sectors like tech and travel, anticipating higher oil prices and reduced demand. Conversely, energy and electric vehicle stocks saw gains amid a push for energy security.
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