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Asian Markets Plunge
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by mtippett | October 15, 2008 at 07:13 pm
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In the 24 hour market cycle, it is now Asia's turn to head south.
Asian stocks tumbled, driving Japan's Nikkei 225 Stock Average down as much as 10 percent, as concern deepened that the global economy is headed for a recession after U.S. retail sales fell.
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Most RecentMost Recommended Comments (2)
at 19:21 on October 15th, 2008
Thanks Mike, Taking cue from Wall street Asian stocks plunged today deeply led by an unprecedented 10 per cent drop in Tokyo stock exchange. Panic selling seems to have returned in Wall street and Asian market are following the cue. Growing fears of a global recession left Indian market in red. Now all eyes are on the Indian and European markets.
at 05:49 on October 16th, 2008
Sure enough, this is having its effect on European markets.