A little definition of market correction for beginners.
A market correction is when a stock or market index falls by more than 10% from its most recent peak. This happens when investments are sold on a mass scale and causes share prices to fall.
Market corrections come in different shapes and sizes, and for different reasons. But typically, they occur when investors become less optimistic about the market outlook due to influencing factors such as economic data, geopolitical events and market volatility.
