Asian markets tumble on China dip
Sydney’s ASX is no exception to the bad news |
Asian stock markets have dived lower after the biggest drop in Chinese stocks in a decade triggered a steep slide in global markets.
Japan’s TOPIX index dipped 3.88% while the country’s Nikkei 225 stock index lost 3.56%.
The slips were echoed in Seoul, Sydney and Singapore but in Shanghai itself the index began recovery, rising 1.2%.
Wednesday’s falls were sparked by a near-9% slide in Shanghai 24 hours earlier over fears on China’s economy.
Source: http://news.bbc.co.uk/2/hi/business/6402915.stm
Coincidence?
0 Responses to “Today is the worst day of the year”