Asian Markets Sell-Off: Nikkei tanks 13%, Kospi 5% amid US recession fears

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Asian Markets Sell-Off: Nikkei tanks 13%, Kospi 5% amid US recession fears - Business Standard

Quick Summary:

Other key Asian markets also suffered heavy losses, with South Korea's Kospi, Hong Kong's Hang Seng, and Australia's ASX 200 all plunging between 3 per cent and 11 per cent.

Individual stocks were hit hard, with Tata Motors, Tata Steel, among others, seeing declines of up to 10 per cent.

Similarly, the Nifty50 fell 3.33 per cent, or 824 points, reaching an intraday low of 23,893.70.