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Asian Markets Plunge Again

Posted Oct 16, 08 1:52 AM CDT in World,  Business 

(Newser) – Share prices tumbled in Asia again today amid fears of a US recession and a braking global economy, reports MarketWatch. The key Nikkei 225 Stock Average plummeted 10%, the Hang Seng Index dropped 7.6%, and the China Enterprises Index lost 9.9%. The MSCI Asian Pacific Index—set for its biggest drop in history—plunged 7.8%, and Australia's S&P/ASX 200 index slid 6.9%.

"We're having a U-turn in perception,'' said a top analyst. "While remedial measures taken globally have been sufficient to arrest the financial crisis, concerns have quickly shifted to the economy."

Sources MarketWatch, Bloomberg

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Pedestrians walk beside an electric stock market board in Tokyo Thursday. The benchmark Nikkei 225 stock average dropped 985.95 points.   (AP Photo/Katsumi Kasahara)
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Financial Crisis • recession • Asian markets • Nikkei 225 Stock Average • Hang Seng Index • Shanghai Composite Index


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