SHANGHAI, China — Chinese stocks plunged nearly 9 percent Tuesday, their biggest drop in a decade, rattling markets from Hong Kong and Singapore to as far away as New York amid concerns over a possible slowdown in China's economy.
Investors were also spooked by comments Monday from former Federal Reserve Chairman Alan Greenspan, who said a recession in the U.S. was "possible" later this year.
One day after sending Shanghai's benchmark index to a record, investors dumped stocks to lock in profits amid speculation about a fresh round of austerity measures from Beijing to slow the nation's sizzling economy. The Shanghai Composite Index tumbled 8.8 percent
Dow industrials fall 500 points NEW YORK -- A global market plunge sparked by a 9 percent slide in Chinese stocks overnight sent Wall Street into a free fall today.
With less than an hour of trading left, the Dow industrials were down more than 500 points, or nearly 4 percent. By way of comparison, the Dow's biggest point-plunge was nearly 684 points back on September 17th of 2001. The biggest percentage loss is 22.6 percent on October 19th of 1987.
In addition to the the big drop in China, investors' confidence was hammered by data showing that the economy may be decelerating more than anticipated. The Commerce Department reported that orders for durable goods in January dropped by the largest amount in three months. http://www2.whdh.com/news/articles/business/BO44554/
Я не спорю, я просто объясняю почему я прав ! (с) не мой
Slava V wrote:А между тем ... 05.03.2007, Пекин. Депутаты Всекитайского собрания народных представителей во время работы открывшейся сегодня ежегодной сессии китайского парламента.
Полоний?
Не могу пройти мимо безобразия. Так и хочется принять участие!
