Sell-off in financial markets
The expected recession in the US, the bursting of the AI bubble, and rising tensions between Israel and Iran have triggered the biggest sell-off in financial markets since March 2020, when markets reacted to Covid-19. Stock indices around the world tumbled, along with cryptocurrencies. Europe's Stoxx Europe 600 index lost over 2% yesterday, a relatively good result given the 12% losses in Japan. The global S&P 500 index lost 3%. On the other hand, Swiss franc rose to a 10-year high against the euro.
(sme.sk)
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