Archive for the ‘Asian markets’ Category

Asian markets drop, tracking Wall Street

January 28, 2008
By CASSIE BIGGS, Associated Press Writer 47 minutes ago

HONG KONG – Global market turmoil continued into a second week as Asian markets tumbled Monday in the wake of Wall Street‘s sell-off Friday amid persistent worries about a possible U.S. — and worldwide — economic slowdown.

China‘s benchmark index plummeted 7.2 percent to its lowest point in six months on concerns that a recession in the U.S. would mean less demand for Chinese-made products.

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