Tuesday 22 January 2008

Asian Markets See Further Losses

BBC: Share prices in Japan and South Korea continued to fall sharply on Tuesday, a day after global stock indexes tumbled amid fears of a recession.

Japan's benchmark Nikkei index plunged 1.5% in the first minute of trading.

Korea's Composite Stock Price Index, meanwhile, had dropped 3.4% shortly after the markets opened.

The falls came a day after stock indexes around the world saw the biggest drop since the terrorist attacks of 11 September 2001.

On Monday, London's FTSE 100 index tumbled 5.5% to 5,578.2, wiping £77bn ($149bn) off the value of its listed shares.

Indexes in Paris and Frankfurt slumped by about 7%, while share prices in South America also dropped.

Markets across Asia from China to India and Taiwan to the Philippines all fell. Global recession feared >>>

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