Global markets mixed after Wall Street had its worst week in nearly 18 months

Asian stocks fell while European markets started the week higher after another rout hit Wall Street as a highly anticipated U.S. job market update added to worries about the economy. The Nikkei 225 index was hovering around its lowest level in almost a month after Japan’s gross domestic product grew by an annualized 2.9% in the second quarter. The revised data was below expectations. The S&P 500 fell 1.7% Friday to close its worst week since March 2023. Broadcom, Nvidia and other formerly high-flying tech companies drove the market lower and dragged the Nasdaq composite down a market-leading 2.6%. The Dow Jones Industrial Average dropped 1%.