A billboard in Shanghai shows Japan's Nikkei stock index sinking 12.4 percent to 31,458.42 on August 5, 2024, the worst intraday loss in history, while South Korea's benchmark KOSPI stock index was down 8.8 percent to 2,441.55 the same day, the biggest percentage fall since 2008. Risk appetite dampened across global financial markets on US recession fears. Photo: VCG