Audio By Carbonatix
Financial markets in Asia and the US have tumbled on fears that the world's largest economy could be headed to a recession.
Shares in American chip giant Nvidia slumped by almost 10% as concerns over the economy dampened optimism about the boom in artificial intelligence (AI).
On Wednesday morning, major Asian indexes dropped after major stock indexes in New York fell sharply.
Investors turned more cautious as new data showed US manufacturing activity remains subdued, with the focus now on key jobs figures due on Friday.
In New York on Tuesday, the S&P 500 index closed more than 2% lower, while the technology-heavy Nasdaq fell by over 3%.
On Wednesday, Japan's Nikkei 225 was down around 3%, South Korea's Kospi was trading 2% lower and the Hang Seng in Hong Kong dropped by 1.5%.
Major Asian technology firms including Samsung Electronics, SK Hynix and Tokyo Electron were sharply lower.
Latest Stories
-
Engage Now Africa and LDS church commission boreholes for five communities in Upper East communities
9 seconds -
GPL 2026/27: Karela United bank on home form against Hearts of Oak
9 minutes -
NPLs declined to 15.7% in August 2026
27 minutes -
Existing Cedi notes to remain legal tender alongside Heritage Series – BoG
33 minutes -
Consumer, business sentiments positive – BoG
42 minutes -
There’ll be no GH¢500 Cedi note as part of Heritage Series issuance – BoG
1 hour -
Heritage Series Cedi notes to modernise cedi while preserving national identity – BoG
1 hour -
Ghana’s business environment at ‘Inflection Point’ as private Sector takes greater lead — Vish Ashiagbor
1 hour -
At least 2 new airlines could join domestic aviation market by 2027 – GCAA Director General
1 hour -
What if Ghana’s next tourism boom begins with Ghanaians?
2 hours -
Energy Commission to monitor EV charging stations
2 hours -
Invest with confidence, Ghana’s golden era is beginning – Finance Minister
2 hours -
Do Ghana to launch The Great Ghana Day Out on World Tourism Day
2 hours -
Clean up our politics before politics cleans us up
3 hours -
2025 was a turning point, says Abradu-Otoo as NAFCO posts record GH¢91.7m profit
3 hours