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Markets down as nervousness sticks

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Markets down as nervousness sticks


Continued nervousness in the markets is still evident. Asian stocks have fallen by as much as ten percent in early trading.

Japan’s Nikkei share average dropped 9.3 percent, weighed down by companies exposed to global demand.

Observers say the losses come after downbeat US economic data spread fears of a more protracted global slowdown than initially expected.

Wall Street had its worst day since the 1987 stock market crash on Wednesday.

The Dow Jones is down while the Nasdaq has now wiped out all of its gains from Monday’s 11 percent rally. And the benchmark S&P 500 is up only about one percent from Friday’s close.

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