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Panic

Markets Stumble in Asia, Europe

After massive selloff on Wall Street.

cheats/2011/08/05/markets-fall-in-asia-europe/stock-market-falls-asia-cheat_mzxwl8

Vincent Yu / AP Photo

Markets continued to dive around the world after the Dow fell 4.3 percent, its worst drop in two years. Hong Kong's Hang Seng Index dropped 4.3 percent, while Japan's Nikkei fell 3.7 percent. The crash had continued through Europe, where London's FTSE fell 3.5 percent and Frankfurt's DAX dropped 2 percent early in trading amid fears of a growing debt crisis in the euro-zone, but a solid U.S. jobs report sent most European indices rebounding, gaining some of the earlier losses.

Read it at The New York Times

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