Asian stock markets experienced a sharp decline early Monday. Japan’s Nikkei 225 index dropped over 6%. South Korea’s Kospi also sank significantly. Shares in Australia and New Zealand saw notable falls. This market reaction follows a surge in oil prices. Brent crude prices rose to over $100 a barrel.
US Fed chair Kevin Warsh tells G20 that past global savings glut is turning into investment surge
Federal Reserve Chairman Kevin Warsh highlighted a remarkable surge in global investments that is driving robust economic growth across the globe. The reversal of previous