the Dow Jones index of U.S. stocks fell more than 700 points intraday, the S&P 500 index fell 1.37% throughout the day, the Nasdaq composite index fell 2.3%, and the Russell 2000 index, which covers more small and medium-sized enterprises, fell more than 3%.

On August 2, with the release of the latest non-farm payrolls report in United States, the market not only showed no signs of stopping, but the extent of the decline continued unabated, and US stocks continued to fall across the board, with the S&P 500 continuing to fall 1.84%, the Nasdaq Composite falling more than 2.4%, and the Russell 2000 continuing to fall more than 3%.

Investor pessimism has gripped global markets, and major markets have hardly been spared. Japan's Nikkei continued to fall on August 1 and 2, its biggest one-day drop in more than four years, and European stocks also fell across the board.

On August 5, Japan's stock market continued to fall sharply at the open, with the Nikkei 225 index falling more than 4% and the Topix index extending its decline to 3%. The Nikkei 225 fell below 35,000 points for the first time since January 11.

This round of decline in U.S. stocks was led by heavyweight stocks, including Apple, Microsoft, Amazon, Google, Nvidia and other technology giants with a market value of more than one trillion yuan, all of which fell between 3-5%, and there are obvious signs of large-scale capital flight. The volatility index, which measures the level of panic in the market, jumped 23% to its highest level since October 2023.