Asian markets tumbles on US recession factors

February 6th, 2008

After a weak close in the US markets, the Asian markets are taking a bad Wednesday morning. Hang Seng is down 5% while Nikkei 225 is down over 4%

Other Asian markets too are witnessing selling pressures. Straits Times is down 3.6%. All Ordinaries, Jakarta Composite are down over 2% while Shanghai Composite is down 1.55%

1 U.S. dollar = 106.814783 Japanese yen

Entry Filed under: Global Markets

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