Power Breakfast: US Market Sees Biggest Fall Since June 2020 After Inflation Data; Dow Jones Tumbles 1,276 Points, SGX Nifty Drops Around 300 Points

In the US in August, the inflation rate increased more than the estimate, there was an outcry in the US markets. On Tuesday, the Dow Jones fell 1276 points to close at 31,105. While Nasdaq fell 633 points and closed at 11,634 level. S&P fell by 4.32%. Asian markets fell 2.5%, SGX Nifty fell 300 points. America's inflation rate has reached 8.3% in the month of August.