New Delhi, April 7 -- Stock markets in the United States are poised to open on Monday, April 7, after global markets, including the Asian and the European indices, crashed over investor fears of a potential upcoming global recession.

Stock markets in the major economies plunged on Monday, like the UK's FTSE 100 index, which lost over 5 per cent after markets opened for Britain on April 7.

Along with the European markets, the Asian markets tanked, with the Hong Kong-based Hang Seng index taking the biggest hit, losing over 3,000 points. The index closed 13.22 per cent lower at 19,828.30 points, compared to 22,849.81 points at the previous market close.

Japan's Nikkei 225 index also lost more than 2,600 points, closing 7.83 per cent lowe...