Global markets suffer fresh falls
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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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Worries about the global economy rattled stock markets around the world this week, paring billions from the value of investorsâ holdings.
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Major indexes slide 4% to 8% across the region as fears intensify that the U.S. will fall into a recession, hurting exporters.
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European and Asian stock markets fell heavily on Thursday, even after Wall Street had ended higher as major central banks sought to soothe a global credit squeeze caused by the US home-loan collapse.
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Global stock markets face an uncertain week after the biggest sell-off in more than four years.
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Turbulence roiled world stock markets again Tuesday, with Asian stocks down for a second day on fears of recession in the US
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US stock markets tumbled heavily in the week to Friday, giving Wall Street a fresh battering, despite Congress granting a green light to a giant economic stimulus package sought by the White House.
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Global stocks tumbled on Wednesday as fears about the impact of U.S. home owners falling behind with mortgage payments hit financial shares, prompting money to flow into safe-haven government bonds.
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NEW YORK The grim toll that the U.S. mortgage crisis has taken on financial markets has been felt worldwide, from traders in Hong Kong to small-town mayors in Europe to pensioners in the American Midwest.
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Asia has seen its key markets slide in response to the likelihood of a relentlessly weakening dollar.
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European stocks, which have performed strongly recently, have fallen back sharply in morning trading, with London banking shares undermined by concern about bad debts and French exporters hit by weakness of the dollar.
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Business & money: Shares in London fall sharply following a plunge in Asia overnight amid growing fears over US economy
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London equities tumbled on Wednesday after sharp losses on Wall Street and in Asia kept the focus firmly on the economy and the outlook for corporate earnings.
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European and Asian stock markets plunged Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan to prevent a recession.
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Equities fall as Europe fears a wider economic slump.
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European equities struggled in the face of weakening global stock markets on Tuesday, as losses in Asia followed comments about a possible US recession from former Federal Reserve chairman Alan Greenspan.
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London equities tracked heavy overnight falls in the US and Asia with the FTSE 100 opening sharply lower on Wednesday.