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Friday 5 August 2011

Global markets dive after Wall Street sell-off



Today is bad day for global stock markets. Stock markets in Asia and Europe recorded sharp declines Friday, today Wall Street had its worst day since the 2008 financial crisis.
Japan's Nikkei and South Korea's Kospi both closed down 3.72% and 3.70% respectively. Australia's All Ordinaries closed fall more than 4%.
Hong Kong's Hang Seng was fall more than 4% in afternoon trading, while China's Shanghai SE Composite Index was fall 2.2%.
The UK FTSE 100 Index and Germany's Dax index were both around 2.5% down.
The falls came after the Dow tumbled 512 points Thursday -- its ninth deepest point drop ever -- as fear about the global economy spooked investors. Investor are fear due to eurozonr debt crises and US economy.

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