Asian stock markets slid Wednesday as a shock drop in U.S. housing sales and slowing growth in Japanese exports added to evidence of a waning global economic recovery.
Global markets have spent most of August in the red as economic indicators from the U.S., Japan, China and elsewhere suggested global growth will slow in the second half of the year, dimming earnings prospects for manufacturers and other exporters. Oil prices hovered below $72 a barrel after tumbling the day before.
Japan's Nikkei 225 stock average dropped 89.98 points, or 1 percent, to a 16-month low of 8,905.16 after the yen hit a fresh 15-year-high against the dollar overnight, adding further …
No comments:
Post a Comment