www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

US recession fears sink global markets

(Agencies)
Updated: 2008-01-21 22:36

Tokyo - Asian and European stock markets plunged Monday following declines on Wall Street last week amid investor pessimism over the US government's stimulus plan to prevent a recession.


A trader is pictured in front of the DAX board at the Frankfurt stock exchange January 21, 2008. German Economy Minister Michael Glos said on Monday Europe's biggest economy was in good shape and there was no reason for pessimism despite a drop of around 5 percent in Germany's DAX index of leading shares. [Agencies] 

India's benchmark stock index tumbled 7.4 percent, while Hong Kong's blue-chip Hang Seng index plummeted 5.5 percent to 23,818.86, its biggest percentage drop since the Sept. 11, 2001, terror attacks.

Investors dumped shares because they were skeptical that an economic stimulus plan US President Bush announced Friday would shore up the economy, which has been battered by housing and credit problems. The plan, which requires approval by the US Congress, calls for about US$145 billion worth of tax relief to encourage consumer spending.

Concerns about the outlook for the US economy, a major export market for Asian companies, has sent the region's markets sliding in 2008. Just last Wednesday, the Hang Seng index sank 5.4 percent.

"It's another horrible day," said Francis Lun, a general manager at Fulbright Securities in Hong Kong. "Today it's because of disappointment that the US stimulus (package) is too little, too late and investors feel it won't help the economy recover."

Japan's benchmark Nikkei 225 index slid 3.9 percent to 13,325.94 points, its lowest close in more than 2 years. China's Shanghai Composite index plunged 5.1 percent.

The sell-off continued in Europe. Germany's DAX was down 4.2 percent in morning trading, France's CAC 40 slid 4.7 percent, while Britain's FTSE 100 dropped 3.6 percent.

"People are certainly nervous about a potential recession in the US spilling over to the rest of the world," said David Cohen, Director of Asian Economic Forecasting at Action Economics in Singapore.

"Maybe there's still some wariness about politicians are able to come up with a compromise and act sufficiently quickly" on a stimulus package, Cohen said. "I think the impact would be marginal anyway."

Investors took cues from the negative reaction to the US president's plan on Wall Street on Friday, when the Dow Jones industrial average slid 0.5 percent to 12,099.30, bringing its loss for the year so far to nearly 9 percent.

   1 2   


Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 三级美国 | 久久亚洲网 | 国产午夜精品理论片 | 国产日韩欧美视频在线 | 久久国产精品免费看 | 视频一二三区 | 久草小视频| 91久久精品 | 国产午夜精品理论片久久影视 | 午夜亚洲国产成人不卡在线 | 免费观看欧美成人禁片 | 欧美国产日韩在线观看 | 美女张开腿 | 久久国内精品自在自线400部o | 免费大片黄手机在线观看 | 国产在线一区二区三区在线 | 国产高清在线视频 | 91久久99热青草国产 | 亚洲国产系列久久精品99人人 | 欧美精选欧美极品 | 男女午夜免费视频 | 亚洲欧洲一区二区 | 国产成人一区二区三区在线视频 | 久久色精品| 欧美日本视频一区 | 久久www免费人成_看片高清 | 国产精品亚洲成在人线 | 亚洲羞羞裸色私人影院 | 久草在线视频网 | 国产成人精品视频免费大全 | 日本三级网站 | 国产亚洲一区二区精品 | 成人黄网18免费观看的网站 | 久草在线视频资源 | 免费逼片 | 亚洲欧美在线播放 | 中文字幕亚洲一区二区va在线 | 一级一黄在线观看视频免费 | 亚洲精品中文字幕字幕 | 毛片在线看网站 | 亚洲成年男人的天堂网 |