Stocks set to sink; global sell-off persists
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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 share prices continue to fall sharply amid fears that a US recession will lead to a global economic slowdown.
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The steep sell-off swept in global stock markets continued on Wednesday as Asian equities followed US markets lower, led by Tokyo, where the benchmark Nikkei 225 average tumbled nearly 3 per cent to close 501.95 lower at 16,7676.89.
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After suffering its steepest drop in nearly four years, the stock market showed some tentative signs of recovery today. Global markets continued to feel the fallout from Tuesdayâs global dive.
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Wall Street looked set to fall further on Wednesday on growing worries of a U.S. recession which battered Asian and European markets.
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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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Stocks are set to open lower on  Wednesday after crude oil pushed to a fresh high overnight and  Google Inc. slashed its initial public offering price, which  appeared to dampen investor sentiment.
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Stock index futures sank in holiday-shortened trading on Monday as fear of a U.S. recession gripped investors, indicating Wall Street was likely to join a global equity markets plunge that may usher in a bear market when trading resumes on Tuesday.
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The global sell-off on equities markets continued in London on Friday, as investors pulled more money out of financial stocks amid fresh worry about losses relating to the US subprime lending crisis.
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Wall Street looked set to fall on Wednesday as investors worldwide struggled to decide whether a surprise U.S. interest-rate cut the day before was a sign of salvation or of worse to come in troubled markets.
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Futures on leading U.S. stock market indexes fell before the start of Wall Street trading on Tuesday, signaling that American shares would join the global equities sell-off.
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U.S. stocks plummeted on Tuesday, sending the benchmark S&P 500 index to its biggest one-day slide in more than 3-1/2 years as a sell-off in China's equity market fanned worries that stock valuations there are too high and some data indicated U.S. economic growth may slow.
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U.S. stocks were set to start the week sharply lower on Monday as a reduced appetite for riskier assets persisted, hitting overseas markets overnight.
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Â· Markets braced for falls after Wall Street slump  Â· Period of slower growth sparks fears of trade war
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Global stock markets  tumble amid growing fears of a recession in the US, and are heading for big losses.
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European and Asian markets fell again Monday, extending their slide into a second week as investors worried about a possible global slowdown and dumped stocks that had surged in recent weeks. U.S. stocks fell after trying to steady themselves.
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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.