Crypto markets plunged today following Wall Street’s worst day since August 5, driven by weak US data and falling oil prices, raising fears of a global slowdown. Japan’s Nikkei 225 dropped over 3%, with shares in Australia and South Korea also declining. Futures pointed to losses in Hong Kong, and US contracts edged lower in early Asian trading after the S&P 500 fell more than 2%, led by a tech stock plunge with Nvidia Corp. The S&P 500 and Nasdaq 100 saw their worst September starts since 2015 and 2002, respectively. Investors are now watching economic health closely amid stable inflation expectations.

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