Today is the worst day of the year

Asian markets tumble on China dip

Electronic graph showing Sydney's ASX stock index

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

28feb.jpg

Coincidence?

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