4 minutes agoStock shock, record decline in US, Asia
Periskopi(8 years ago)
(8 years ago)Electronic markets in Asia marked record declines Tuesday, as investors withdrew the shares from the stock market after the drastic decline in the US. Japan's Nikkei index experienced the biggest decline in a single day since 1990, slipping 7 per cent. The dramatic situation in Asian stock exchanges followed the decline by 4 per cent [...]
Electronic markets in Asia marked record declines Tuesday, as investors withdrew the shares from the stock market after the drastic decline in the US.
Japan's Nikkei index experienced the biggest decline in a single day since 1990, slipping 7 per cent.
The dramatic situation in Asian stock exchanges followed the decline by 4 per cent of the Dow Jones index, a key US stock market indicator, for 4 per cent. That was the biggest drop in more than six years.
2017 was a good year for investors when Dow Jones grew 25 per cent, assisted by economic improvement, high benefits and low interest rates. But the decline began last week, when a report on US jobs prompted speculation that the Federal Reserve would increase interest rates faster than expected.
After the fall of shares Monday, the White House said the foundations of the American economy “remained extremely strong”. US economic growth has been 2.6 per cent in the fourth quarter of last year, while the unemployment rate is 4.1 per cent lowest in 17 years.
