Share markets tumbled and bonds rallied in Asia on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth.
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Investors began where they finished on Friday by knocking Nasdaq futures down 2.27%, while S&P 500 futures dropped 1.41%. EUROSTOXX 50 futures fell 0.6% and FTSE futures 0.2%.

Asian stock markets :
✓ Nasdaq futures drop 2.2%, Nikkei sheds more than 5%
✓ Markets wager Fed to cut by 50bps in Sept
✓ Dollar on back foot after Treasury yields dive 

 kshe 

 The sell-off in markets was triggered by concerns about signs of a slowing American economy, particularly highlighted by a U.S. jobs report that indicated a significant slowdown in hiring in July . As a result, there is growing uncertainty about the future direction of the economy, leading to increased market volatility.