Nikkei sell-off, RBA meeting, China PMI, India PMI

The recent Nikkei sell-off was triggered by concerns over rising COVID-19 cases and inflation fears, leading to a significant drop in stock prices. The Reserve Bank of Australia (RBA) meeting resulted in a decision to maintain current interest rates, as the central bank monitors economic recovery progress. China’s Purchasing Managers’ Index (PMI) showed a slight decrease in manufacturing activity, while India’s PMI indicated a growth slowdown due to pandemic-related disruptions.

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