Economy woes batter global stocks
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Persistent fears about the world economy battered global stocks again on Monday and drove investors towards safer assets despite expectations of more interest cuts from the Federal Reserve to bolster growth.
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Global stocks tumbled on Wednesday on fears of financial contagion spreading from troubled U.S. subprime lenders, while safe-haven government bonds and the yen firmed as risk appetite faded.
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US stocks failed to emulate solid gains across global markets as investors focused on worries about tight conditions in the money markets.
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By Michael Tsang  Asia's emerging stock markets failed to keep pace with a global rally over the past three months, and slowing U.S. economic growth may prevent them from catching up.
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More bad news out of Asia weighed on investors Monday.
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Stocks slid sharply on Tuesday, joining a global equity rout on fears of a U.S. recession and pushing the Nasdaq into bear market territory.
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Global stock markets suffered a fresh bout of turbulence on Monday as concerns about a slowdown in the US economy and the fallout from the credit squeeze continued to unnerve investors.
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Asian share prices were hammered Monday as a global stock market rally fizzled out amid renewed pessimism about the US economic outlook and a plunge in Chinese stocks, dealers said.
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NEW YORK A lackluster report on US gross domestic product sent stocks lower Friday as Wall Street worried that a lack of jobs and high energy prices were holding back economic growth.
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Business & money: Asian markets took a battering overnight on growing fears that the US, the world's biggest economy, may be heading for recession.
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Asian stocks fall for a second day, reflecting fears that a weak U.S. economy could derail growth worldwide; futures point to sharp drop on Wall St.
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Business & money: Markets on both sides of the Atlantic take  fright  at data showing weakness in the US and Germany.
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Stocks looked set to sink at the open on Monday as a reduced appetite for riskier assets hit overseas equities overnight, partly reflecting worries about the global economy.
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Global market turmoil extended into a second week as European and Asian markets tumbled Monday in the wake of Wall Street's drop on Friday amid persistent worries about a possible U.S. Â and worldwide Â economic slowdown.
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Wall StreetÂs growing pessimism about the economy sent stocks down for a second straight day.
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Investors worldwide are assessing a U.S. recession, the third round of bad news to come from the worldâs largest economy since the onset of global financial turmoil in August.
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Shares from Sydney to London sank for a second day on Tuesday, dragging commodity prices with them and promising similar falls for Wall Street as investors abandoned assets exposed to the risk of a global economic slowdown.