Overview
- The Nasdaq Composite dropped over 300 points, falling 1.87% to close at 16,998.79, leading declines in U.S. markets.
- Japan's Nikkei 225 suffered a steep 4.05% drop, with other Asian markets also closing lower, including China's Shanghai Composite and Hong Kong's Hang Seng Index.
- European indices, including Germany's DAX 40 and France's CAC 40, fell by 1.5%, reflecting widespread market downturns.
- The Chicago PMI rose to 47.6 in March, exceeding market expectations and signaling potential economic resilience despite broader market uncertainty.
- Commodity prices climbed, with oil up 1.5% to $70.41 and gold rising 1% to $3,146.50, reflecting ongoing shifts in global demand.