Friday, 9 February 2018

Major Asia stock markets drop sharply after US falls



Major Asian markets suffered sharp losses on Friday, following another day of steep falls on Wall Street.

 
In a volatile week for global investors, Japan's Nikkei 225 index slid 2.3%, while China's Shanghai Composite slumped by 4.1%.


Earlier, the Dow Jones Industrial Average fell by more than 1,000 points for the second time this week.


Sell-offs around the world have been pinned partly on concerns over higher interest rates.


Elsewhere in Asia on Friday, Hong Kong's Hang Seng dropped 3.1%, while South Korea's Kospi index traded down 1.8% and Australia's S&P/ASX 200 eased 0.9%.
Those losses came as little surprise, with moves in major US markets providing the cue for global investors.




BBC       News.