Economic Woes Again Batter Global Stocks
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Persistent fears about the world economy battered global stocks again Monday. Stocks in Europe and Asia saw sharp drops with Japanâs Nikkei closing down nearly 4 percent.
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Fear was back on global stock markets last week as investors worried about the financial and trade imbalances that have built up during years of strong growth for the world economy.
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Stock markets fell sharply across most of Asia again today and continued declining in Europe, as investors worried about the drop on Tuesday in American stock indices and a Commerce Department report.
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Share prices in Japan and South Korea fall again, a day after global stocks tumbled amid fears of a recession.
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European equity markets erased the gains made this year as the global sell-off continued with major stock indices falling sharply across Asia and the US.
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Worries about the world-leading U.S. economy and fears over bank credit rippled across financial markets on Monday, sending stocks sharply lower and dragging the dollar to a record low against the euro.
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Stock markets fell for a third consecutive day as investors confronted new chapters of a well-worn story: the economy is in trouble.
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Global stock markets fall again following Wall Street's lead on worries about the state of some of the banks.
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Volatile global stock markets suffered more losses Friday, with Wall Street hit by heavy selling as edgy investors retrenched ahead of the weekend with other bourses still skittish from this week's turmoil.
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Wall StreetÂs growing pessimism about the economy sent stocks down for a second straight day.
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Asian and European stock markets headed down again Wednesday after a broad global sell-off the day before that included a more than 3 percent drop in the Dow Jones industrial average and the loss worldwide of an estimated trillion dollars in equity.
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European and Asian stock markets saw further heavy falls on Monday as worries about a US recession continued to erode investor confidence.
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Stock prices extended their losses on Wednesday as Wall Street faced an array of unwelcome economic news that stirred concerns about high inflation.
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Asian shares struggled to break above the flat line on Friday as dour economic reports in Japan and South Korea followed lackluster trading in U.S. markets to cap gains.
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Stocks in Shanghai, Tokyo and Hong Kong continue to fall, after two days of heavy world losses.
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European and Asian stock markets took another beating Wednesday, although losses in Europe were not as steep as the previous day, on lingering fears that a US recession could have far-reaching global implications.
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Stocks fell on Friday, setting Wall Street on course for its worst week in more than four years, as the diminishing appetite for riskier assets fueled a further rout in global equity markets.