'Panic situation' as Asian stocks tumble amid fears of new global recession

Discussion in 'Market News' started by Lily, Feb 9, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Japan’s Nikkei index falls more than 5% in trading with Australian and some other Asian markets following suit

    Japan’s Nikkei index plummeted more than 950 points on Tuesday, its biggest intraday loss since May 2013, and the yen briefly soared to a 14-month high against the US dollar, as continued fears over the health of the global economy saw a continuation of the previous day’s selloff in Europe and the US.

    The Nikkei dived 5.1% to 16,132.25 in morning trading and extended losses into the afternoon, while Australia’s S&P/ASX 200 fell 2.6% to 4,946.70. Markets were also down in the Philippines, Indonesia, Thailand and New Zealand.

    Related: Fears over weak growth prompt global stock markets to fall

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