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By Daniel Binns, business reporterStock markets around the world have dropped sharply today amid fears the US economy may be heading for a recession.The UK's FTSE 100 was down more than 2% after the markets opened, while the FTSE 250 fell more than 3%.Other exchanges in Europe, including in France, Portugal and Spain, fell by similar levels, while Germany's Dax was down 1%.
Markets in Singapore, Indonesia, Thailand and the Philippines also fell by around 2% and 3%.The declines prompted the triggering of circuit breakers - in which the trading of stocks and derivatives is halted for 20 minutes - by some exchanges during the day.It comes after US jobs market data on Friday came in much lower than expected for July, sending the country's stock markets tumbling.
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