Asian Stocks Follow US Drop

Nikkei, Hang Seng both down 3%
By Jason Farago,  Newser Staff
Posted Jun 16, 2009 3:29 AM CDT
Businessmen walk past a stock price indicator at a securities firm in Tokyo today. The Nikkei 225 index ended this morning session down 196.00 points, only to fall further.   (AP Photo/Koji Sasahara)
camera-icon View 1 more image

(Newser) – Asian stocks followed the American markets lower today as investors grew worried about the sluggish pace of global economic recovery. The Nikkei in Tokyo and the Hang Seng in Hong Kong were both down about 3%, ending a rally that has sent Asian markets up 44% since March. "Those who bought stocks on a perception the economy would improve are now selling on reality," said one Tokyo investor.