Stock markets around the world plummeted yesterday as a financial crisis that began in the market for U.S. home mortgages spread to almost all corners of the globe.
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U.S. markets were closed for Martin Luther King Jr. Day, but all the world's other major economies experienced sell-offs. Stock prices fell more than 7 percent in Germany and India, 5.1 percent in China, 5.5 percent in Britain and 3.9 percent in Japan. Many countries experienced their worst market declines since Sept. 11, 2001, and the only country whose stock market rose was Sri Lanka.
Asian markets continued their steep drop today, with Japan down 4.4 percent in morning trading. As the market opened in India, shares fell nearly 10 percent, triggering an automatic halt to trading.
Tuesday, October 21, 2008
Global Stocks Plunge as U.S. Crisis Spreads
Labels: crisis, financial crisis, home mortgages spread, markets, us money
Posted by Bimo Hery Prabowo at 7:32 AM
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