Chinese Shares Plunge 6.5 Percent
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Chinaâs stock market plummeted today after Beijing moved to impose higher taxes on trading activity.
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Japanese stocks fell sharply in early afternoon trading Monday, extending a slide for a fifth day that was sparked by last week's plunge in Chinese and U.S. stock markets.
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Asian stocks slid on Monday on gloomy U.S. jobs data, bleak earnings prospects at tech firms and high oil prices, while the Australian dollar hit a six-month peak after the coalition government was swept back to power.
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The Chinese stock market falls nearly 9%, its worst day of trading in 10 years, after leading investors sell shares.
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Google Inc. stock dropped more than 6 percent yesterday as tens of millions of new shares held by early investors and employees of the search engine giant became available for sale for the first time.
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An index of Chinese stocks plunged at the opening, partly recovered, then slumped for a 5 percent loss after noon.
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The Chinese stock market falls a further 5% with investors still worried that Beijing might intervene to slow growth.
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Shares of Google Inc. (GOOG.O: Quote, Profile, Research) fell as much as 6.5 percent on Tuesday, as selling restrictions were lifted on 39 million shares held by employees and early
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The FTSE 100 index of leading shares fell 0.33 percent to 6,259.70 points.
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BEIJING -- Chinese stocks plunged Monday following government efforts to cool a market boom, recording their biggest one-day drop since a late February drop that triggered a global market sell-off.
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Chinese stocks wobbled in volatile trading early Thursday after former U.S. Federal Reserve Chairman Alan Greenspan voiced concern about an eventual correction in China's stock markets following a spate of record highs.
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U.S. stocks plunged on Tuesday, joining a global equities rout sparked by the biggest one-day drop in Chinese stocks in a decade.
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Chinese stocks fell 5.25 per cent on Thursday as investors continued to fret about the large volume of new share and bond issues that the mainland markets will have to absorb over the next few months.
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China's main share index fell 3.4% after state-owned firms said they would sell more stock next week.
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By Alistair McArthur  LONDON FTSE 100 CLOSE 6,565.4 -51   THE London market plunged below the 6,600 barrier yesterday as investor nerves were shaken by economic fears in the US and China.
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Asian stocks slid on Monday on gloomy  U.S. jobs data, bleak earnings prospects at tech firms and high  oil prices, while the Australian dollar hit a six-month peak  after the coalition government was swept back to power.
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Business & money: Shares in London fall sharply following a plunge in Asia overnight amid growing fears over US economy