Asian stocks nose-dived Monday as the first-ever downgrade of the U.S. government’s credit rating jolted the global financial system, reinforcing fears of a rapid slowdown in economic growth.
Quoted from Asian stock markets sink after US credit downgrade on Yahoo! News – Latest News & Headlines
Asian Stock Markets Sink After Wall Street Rally Fades Asian stock markets have fallen after a post-election Wall Street rally faded and the U.S. Federal Reserve suggested it will raise interest Asian stocks sank on Monday amid growing concerns of a slowdown in the global economy. Investors dumped stocks in favour of safer bonds, driving Japan's Nikkei index down more than 3%. The losses TOKYO -- started the week sharply weaker, as investor fears about global growth returned with a vengeance following poor economic data out of Europe. The Nikkei Average Asia stocks: Markets sink as “The selloff is unlikely to cease until the US stop bleeding.” Downbeat data from the US and Europe, combined with a cautious tone from the Federal Reserve, frightened investors last week. Tags: asia, stocks, markets, sink, Asia s: as global growth jitters spread - BBC News Investors dumped s in favour of safer bonds as concerns about the global economy spread. BEIJING (AP) — fell Friday after a post-election Wall Street rally faded amid expectations of U.S. interest rate hikes despite the Federal Reserve's decision to hold off this Fears about slowing global economic growth have spread to . Japan’s Nikkei dove more than 3%, while Hong Kong’s Hang Seng was down more than 1.5% in afternoon trading Monday.