Sharp downfall: Smells like 1987, investors on the run

B92 06.08.2024  |  biznis.rs/Vladimir Jokanović

Global stock markets recorded a sharp fall on Monday.

Global stock markets fell sharply on Monday, with Japanese shares surpassing their losses since Black Monday in 1987, fears of a US recession sent investors fleeing risky assets while betting that interest rate cuts would be needed to save growth. Safe-haven currencies such as the yen and Swiss franc rallied as high-yielding trades unraveled, prompting speculation that some investors were selling profitable trades to get cash to cover losses elsewhere. There were

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