$BTC đ Japan's stock market experienced the largest crash since 1987: the Nikkei index plummeted by 13%.
The main reason cited was fears of a recession in the US, according to Reuters. US stock indices also fell into the red.
Nasdaq futures dropped by 4.7%, and S&P 500 futures by 12.4%.
The decline also occurred in other Asia-Pacific countries. Taiwan's Taiex index fell by more than 8%, and South Korea's KOSPI index by more than 7%.