A stock market correction happens when a major index falls between 10% and 20% of recent highs, and that's exactly what has happened with the Nasdaq Composite, which is down over 9% year to date and over 13% from its Dec. 16 high (as of March 10).

The Invesco QQQ ETF, which tracks the Nasdaq 100 index, has crashed this year and moved into a correction after falling by over 12.8% from its highest level this year. It plunged to a low of $471, its lowest level since September last year.

Here's why it could be a good time to buy Betashares Nasdaq 100 ETF (ASX: NDQ) and these ASX ETFs following recent market

The Nasdaq ( ^IXIC -0.18%) has officially entered correction territory, falling by close to 13% since mid-February, as of this writing. Monday marked the index's worst single-day drop since 2022, as it plunged by 4% -- fueling concerns about a looming bear market or recession.