Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Uproar After NC State Agent 'Fixes' Girl's Lunch Preschooler has to eat chicken nuggets instead of mom's meal »

World Stocks Crash Again

Nikkei dives to 1982 levels, Hang Seng plummets 12%

By Jason Farago,  Newser Staff

Posted Oct 27, 2008 5:26 AM CDT
Email

(Newser) – Japanese stocks hit a 26-year low as markets in Asia and Europe plunged again amid tenacious fears of a prolonged global recession. The Nikkei fell 6.4% and Hong Kong's Hang Seng index dropped a staggering 12%—its biggest single-day tumble since 1997. In London the FTSE opened down more than 5% this morning, and the pound dropped another 6 cents against the dollar.

Hong Kong's Hang Seng Index tumbled 12.7% to 11,015.84, its lowest close in more than four years.
Hong Kong's Hang Seng Index tumbled 12.7% to 11,015.84, its lowest close in more than four years.   (AP Photo/Vincent Yu)
A photographer takes a picture of a display showing stock prices at a brokerage firm in Hong Kong today. Hong Kong's Hang Seng Index tumbled 12.7 percent to its lowest close in more than four years.
A photographer takes a picture of a display showing stock prices at a brokerage firm in Hong Kong today. Hong Kong's Hang Seng Index tumbled 12.7 percent to its lowest close in more than four years.   (AP Photo/Vincent Yu)
People look grimly at stock prices in Tokyo today. Japan's stock market had a miserable day, with the key stock index plunging more than 6% to its lowest close in more than a quarter century.
People look grimly at stock prices in Tokyo today. Japan's stock market had a miserable day, with the key stock index plunging more than 6% to its lowest close in more than a quarter century.   (AP Photo/Katsumi Kasahara)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

The Nikkei returns to the days of Thriller and legwarmers
Bloomberg

Are we near the bottom, or nowhere near it?
Financial Times (UK)

Money • World

 
recession • crash • Nikkei • Hang Seng • Asian markets • European markets • FTSE

More Newser Stories

Stocks Sputter, Gold Soars

Jittery Markets Stumble Again After US Downgrade

Global Markets Follow Wall Street Down

Asian Markets Reeling

Crisis at Dubai Flagship Roils World Markets
NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne