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Markets fret over recession and tech stock crash
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On Wall Street, the big board’s Dow Jones Industrial Index dumped down another 610.71 points on Aug 2.
PHOTO: REUTERS
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SINGAPORE - Is an impending recession and a fizzling tech bubble about to bring markets crashing down? That is the question on the minds of many investors as Wall Street stocks headed towards bear market territory last week.
Troubles and poor earnings at tech giants like Nvidia and Amazon simply reinforced jitters which were already reverberating amid a July US jobs report that prompted fears the world’s biggest economy could be headed for a hard landing.
