Asia Stocks Extend Losses
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Markets in Asia and Europe fell again today as investors dumped stocks that had surged in recent weeks.
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Stocks extended losses on Tuesday, with the S&P 500 index falling 1 percent, as financial shares declined further on housing market concerns.
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Global market turmoil extended into a second week as European and Asian markets tumbled Monday in the wake of Wall Street's drop on Friday amid persistent worries about a possible U.S. Â and worldwide Â economic slowdown.
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Stock prices extended their losses on Wednesday as Wall Street faced an array of unwelcome economic news that stirred concerns about high inflation.
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Turbulence roiled world stock markets again Tuesday, with Asian stocks down for a second day on fears of recession in the US. European stocks fell at the opening but then pared their losses in voaltile trading.
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Asian stocks tumbled anew on Friday after the latest salvo of sour signals about the U.S. economy pummeled Wall Street, sending the benchmark S&P 500 down 3 percent to a 15-month nadir.
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European and Asian markets fell again Monday, extending their slide into a second week as investors worried about a possible global slowdown and dumped stocks that had surged in recent weeks. U.S. stocks fell after trying to steady themselves.
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Stocks tumbled across Asia as panicky investors feared a U.S. recession could derail global economic growth, and a sharp drop in U.S. stock index futures pointed to heavy selling in New York later on Tuesday.
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U.S. stocks extended losses on Friday, with the Dow and S&P falling more than 2 percent, after heavy-equipment maker Caterpillar Inc warned the housing slump was spilling over into other parts of the economy.
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Stocks extended losses on Thursday as financial shares fell further on growing doubts about a plan by global central banks to unfreeze credit markets and data showed a higher-than-expected rise in wholesale inflation last month.
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European and Asian stock markets begin to claw back some ground following five days of losses.
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Stock markets across Asia plunged even farther and faster on Tuesday than they had on Monday, as anxious sellers worried that an economic slowdown in the U.S. could drag down growth around the world.
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SHANGHAI, JAN. 22 -- Stocks across Asia took precipitous falls Tuesday for the second day in a row, reflecting fears that a weak U.S. economy could derail growth worldwide.
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Stocks extended losses on Tuesday, driving all three major indexes down more than 1 percent, as mounting losses in the subprime mortgage sector caused investors to sell riskier assets.
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Most markets in Asia fell by between 2 and 3 percent today as Wall Street was steady after yesterdayâs losses.
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European and Asian Markets fell again Monday, extending their slide into a second week as investors worried about a possible global slowdown and dumped stocks that had surged in recent weeks.
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Asian shares slumped on Wednesday, tracking heavy losses on Wall Street on fears about an intensifying crisis in U.S. mortgage lending.