Stock markets are falling all over the world

Published 5 August 2024 at 12.38

Economics. The Stockholm Stock Exchange experienced a sharp decline on Monday morning, and the broad OMXS index retreated by as much as 4.6 percent at the opening. However, the decline has decreased to 2.5 percent during the day.

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The stock market fall is widespread and is also visible in the rest of the world. Tokyo's Nikkei index fell by as much as 12.4 percent at the close, which is the biggest slide since “Black Monday” in 1987.

In Taiwan, the slide was the biggest in 57 years.

Both the Danish C25 index and the Oslo Stock Exchange also opened with significant losses, down 6 percent and 4 percent respectively.

Global stock markets have been affected by weak U.S. jobs data from last week, raising concerns about the future of the U.S. economy . The uncertainty surrounding a possible military escalation in the Middle East is also considered to contribute to the declines.