SINGAPORE - Fears of an impending recession convulsed markets last week, sending key Wall Street indexes towards bear market territory.
The S&P 500 index sank 3 per cent in the week and 18 per cent year to date. The Dow Jones lost 2.9 per cent with the blue-chip index now 13.97 per cent down for 2022 as inflation and interest rate fears dog the market.
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