Tuesday, February 06, 2018

Asian markets plunge as Wall Street panic spreads

Shares across Asia have taken a heavy beating after New York's Dow Jones index suffered its biggest drop in six-and-a-half years. A wild day for US markets on Monday caused panic to spread. At one point, Japan's Nikkei 225 share benchmark plunged by 7.1%, but recovered some of the losses to close 4.7% down. Wall Street's record-breaking loss also saw Hong Kong's Hang Seng index fall by 5.12%, with South Korea's Kospi losing 1.4%. In China, the Shanghai Composite Index lost 3.35% - or 116.85 points - while the Shenzhen Composite Index, tracking China's second exchange, plunged 4.44%, or 80.21 points. The slump means the Dow Jones has wiped out of all of its gains so far in 2018, following months of surges fuelled by optimism about the US economy, corporate earnings and the global outlook.

Comments

Confidence in the sanity of leaders is very important. We don't have confidence in this President and everyone knows it. He threatens war with Iran and N. Korea and you don't expect the markets to react? Really? It is only going to get worse.

#1 | Posted by danni at 2018-02-06 06:58 AM

Obama's fault.

- Dotard Donnie.

#2 | Posted by 726 at 2018-02-06 07:42 AM

The markets are rattled by the economic policies the GOP is pushing.

#3 | Posted by 726 at 2018-02-06 07:45 AM

3

really? then why did they wait until Friday last week to respond? The polices were known months and months ago.

Frankie....you're funny.

#4 | Posted by eberly at 2018-02-06 08:52 AM

Fluctuations!

#5 | Posted by sentinel at 2018-02-06 02:53 PM

3 - Up 567 Mr. MBA

#6 | Posted by homerj at 2018-02-06 04:25 PM

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