|
Asian stock exchanges plummet on fears for world economy
05.08.2011 08:47 "Agro Perspectiva" (Kyiv) —
In Asia, stocks plummeted at the close of the week on fears for negative outlook on world economic development. In Hong Kong, Hang Seng dropped by 4.29%. Japan’s Nikkei and South Korean KOSPI went down by 3.7%.
The Shanghai stock exchange index SSE Composite dropped by 2.15%.
The Asian stock indices fell against the negative trends in the US and Europe. Stock indices in the US fell by 4% to 5% at the close Thursday, and they also plummeted in Europe yesterday.
Experts believe that investors are expecting a recession in the US economy, as well as the spread of the debt crisis, similar to the Greek one, to Italy and Spain. The recent raising of the US debt ceiling failed to save the day.
Also available:
|
| |
|
|