A global stock sell-off deepened on Friday, with the Nasdaq falling into a correction, as a sharp slowdown in US hiring piled pressure on an equity market already reeling from a steep downturn in semiconductor shares.
News that the world’s biggest economy had added just 114,000 jobs in July, far fewer than the 175,000 that were expected, sparked fears the Federal Reserve risked falling behind the curve in combating a slowing economy.
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