Financial markets in Asia and the United States plunged on concerns that the world's largest economy could fall into a recession.
Shares of U.S. semiconductor giant Nvidia plunged nearly 10% as economic concerns dampened optimism about the artificial intelligence (AI) boom.
Major Asian indexes also fell Wednesday morning, following a sharp decline in New York's major stock indexes.
Investors are becoming more cautious as new data shows U.S. manufacturing activity remains weak, and attention is now focused on the key jobs report due out Friday.
