Friday, 9 February 2018

Shares in renewed slump after Wall St dive.

Stock markets in Asia have dropped sharply after another volatile session on Wall Street.

Shanghai stocks plunged 4% on Friday morning, while Japan's Nikkei Index fell 2.3% and the Hang Seng in Hong Kong dropped 3.1%.

The plummeting numbers come after the Dow Jones Industrial Average experienced its second worst fall in history on Thursday .

It closed with a loss of 1,032 points - a fall surpassed only by one of 1,175 witnessed on Monday.

The drop was equal to 4.15%, bringing the losses from a record high reached two weeks ago to 10%.

That puts the index into what's known as a "correction" phase - the term used for a drop of more than a tenth.

By Bethan Staton.

Full story at Yahoo News.

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