Global Markets Plunge, Investors Fret Over Fed, Trade
Update: 2025-11-05
Description
Global markets plummeted on November 5th, with Asia leading the downturn, following a dismal day on Wall Street. The S&P 500 and NASDAQ Composite lost significant ground, setting a tense tone for the day. Asian markets had already reacted sharply earlier in the week, with South Korea's KOSPI and Japan's Nikkei 225 plunging due to tech stock declines. U.S. bank CEOs' warnings of a potential market drawdown and uncertainty over Federal Reserve policy added to investor anxiety. Geopolitical concerns, including the U.S.-China trade truce and technology export restrictions, further clouded the economic outlook. Despite the market struggles, China's services sector showed slight growth in October, offering a glimmer of hope.
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