Japanese market has biggest one-day fall ever as Australian stocks slump | ABC News

Sparked by fears of a US recession, the ASX has shed more than $100 billion, tumbling 3.7%. Meanwhile, on the back of hiking interest rates, the Japanese market had a massive fall. Subscribe: Economist Besa Deda says Friday’s release of US payroll data prompted a market panic. ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: Watch more ABC News content ad-free on ABC iview: Go deeper on our ABC News In-depth channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on X (Twitter): Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia