US Followed by European Markets 'Shake'... Major Stock Prices Fall Simultaneously

Following sharp declines in US and Asian stock markets due to recession concerns, major European stock markets also opened broadly lower.

The pan-European Stoxx600 index stood at 504.40 at 7:51 a.m. Greenwich Mean Time (4:51 p.m. Korean time), down 1.45% from the previous day.

In the London Stock Exchange, the benchmark FTSE 100 index was down 0.42% at 8248.26 at the same time.

France's CAC40 index fell 0.71% to 7317.99, while Germany's Frankfurt DAX index dropped 1.34% to 17,839.96.

Italy's Milan Stock Exchange FTSE MIL index declined 1.65% to 32,314.14.

Concerns over a bubble in the artificial intelligence (AI) boom that had driven up US big tech stocks, along with negative economic indicators such as unemployment claims and the July manufacturing Purchasing Managers' Index (PMI), are analyzed to have shaken global market sentiment with fears of a recession.

On this day, Asian stock markets experienced a 'Black Friday' with stock prices plummeting. Japan's Nikkei 225 average dropped 5.81%, and South Korea's KOSPI fell 3.65%.

Richard Hunter, Head of Markets at Interactive Investor, told AFP, "Doubts about companies and economic indicators have arisen, and as recession fears surfaced, market sentiment reversed."

This content was produced with the assistance of AI translation services.