The post provides knowledge about the global stock market crash in 2024. It shares the details about the countries affected by it. It also tells the reasons behind this crash.

Highlights –

• On Monday (August 5, 2024), a global stock market crash was observed.
• US stocks witnessed a big plunge and the position at NASDAQ was not good.
• The Indian stock market saw a wipeout of 15 lakh crore rupees.
• The Nikkei 225 index in Japan saw a plunge (in the range of 7 to 12 percent).
• Countries like Australia and Taiwan have also been affected by this crash.
• Various interlinked factors are responsible for this global crash.

Global Stock Market Crash – Here is the overview

On August 5, Monday, almost the entire world witnessed a stock market crash. If we talk about the opening trade then the US stocks plunged. The situation in India also got bad. The other major market players that got affected are Japan, Australia, and Taiwan.

The position at Wall Street looked bad on Monday. The chief 3 indexes of the US saw a major fall. A rate cut is expected from the side of the Federal Reserve in September. Hence, more fluctuations will be seen in the stock market.

The Key Points About Global Stock Market Crash –

• Indian investors lost about 15 lakh crore rupees.
• Japan, Australia, and Taiwan have also been affected by the stock market crash.
• The Nasdaq Composite fell by more than 6 percent. Hence, there were massive losses at the US stock exchanges.
• The Dow valuation also came down. It dropped by more than 1000 points.
• The Nikkei 225 index in Japan saw an overall plunge in the range of 10 to 12 percent.
• Even the crypto stocks have dropped down to an unthinkable level.
• Many people have even sold their tech-based stocks.
• The treasury yields and oil stocks also saw a surprising downfall.

What Are The Prime Reasons Behind The Global Stock Market Crash?

There are quite a few reasons for the global stock market crash. The US job-based report and the changing position of the Yen are catching the limelight. The geopolitical conditions in the Middle East are also responsible to some extent.

Experts have predicted that the rates of unemployment are going to rise in the US. Some are even predicting a major slowdown. This gives a hint that a recession might hit in the coming times. Major sell-offs have been seen globally. And the ultimate result has been a stock market crash.

Global Stock Market Crash Conclusion

No one seems to be protected by the global stock market crash. Whether it is the Asian stock market or the US stock market, everyone has seen the plunge now. Even the crypto prices have come down to a low level. There is a fear of recession among the masses. Several other factors are also responsible for this global crash. Presently, the market is in a very unstable position. It will naturally take some time for correction. For more finance-related information and stories like these make sure to access Financereview.Org.