Global News Today | 2 Min News | The Daily News Now!
Markets are under fire as global indices tumble amid rising geopolitical tension and economic data revisions. Japan’s Nikkei plummets 4.2% after the government slashes Q1 growth to 1.8%. Oil surges on Israel-Iran airstrikes, pushing Brent and U.S. crude higher, rattling fragile ceasefire talks. Asia reels: South Korea’s Kospi drops 6.8%, Taiwan’s Taiex falls 3.8%, Hong Kong and Shanghai also slip. Wall Street ends the week down 2.6% — its worst single-day slide since October — as strong jobs data fuels Fed rate hike bets and lifts bond yields. Inflation fears and global instability continue to weigh on investor confidence, while the U.S. dollar gains ground against the yen and euro.
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