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.

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