teslafire
28-02-2007, 11:39 AM
A global stock sell-off has moved into a second day, after a wobble in China sparked fears of a big price correction and hit UK, Asian and European indexes.
The UK's FTSE 100 index shed 1.9% in early trading. That took declines in the past two sessions to 4% and knocked £65bn off the market's total value.
France's Cac 40 shed 1.5% and Germany's Dax lost 1.9%. Earlier, markets had dropped in Asia, Australia and India.
Investors are questioning the outlook for economic and earnings growth.
The falls come after stock prices and indexes have climbed to record levels in a number of key world markets.
After a flurry of activity at the start of trade, the FTSE 100 was trading 116.10 points lower at 6,170.
In Japan, the Nikkei 225 share index closed down 515.8, or 2.9%, lower at 17,604.1, while in Hong Kong the Hang Seng index fell 496.36, or 2.5%, to 19,716.5.
More declines?
The question facing many investors is how far and how long the correction will go on for, and whether or not the bull run that has driven stocks and indexes higher has now broken.
con't: http://news.bbc.co.uk/2/hi/business/6402915.stm
The UK's FTSE 100 index shed 1.9% in early trading. That took declines in the past two sessions to 4% and knocked £65bn off the market's total value.
France's Cac 40 shed 1.5% and Germany's Dax lost 1.9%. Earlier, markets had dropped in Asia, Australia and India.
Investors are questioning the outlook for economic and earnings growth.
The falls come after stock prices and indexes have climbed to record levels in a number of key world markets.
After a flurry of activity at the start of trade, the FTSE 100 was trading 116.10 points lower at 6,170.
In Japan, the Nikkei 225 share index closed down 515.8, or 2.9%, lower at 17,604.1, while in Hong Kong the Hang Seng index fell 496.36, or 2.5%, to 19,716.5.
More declines?
The question facing many investors is how far and how long the correction will go on for, and whether or not the bull run that has driven stocks and indexes higher has now broken.
con't: http://news.bbc.co.uk/2/hi/business/6402915.stm