Monday, January 21, 2008

Global shares tumble on US fears

Source: BBC Economy
Date: 21/01/08

"Global stock markets have tumbled, with European indexes heading for their worst day in four years, amid growing fears of a recession in the US.

London's FTSE 100 index fell 3.6% to 5685.2, in Paris the Cac-40 fell 6.7%, and Frankfurt's Dax dropped 5.4%.

Tokyo's Nikkei 225 index slid by 3.9% to its lowest close since October 2005, while India's Sensex shed 7.4%.

Investors have taken little comfort from emergency measures proposed by President George W Bush on Friday..."

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