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Keyword: worldwiderecession

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  • Asian Stock Markets Plunge

    01/16/2008 5:27:47 AM PST · by glide625 · 116 replies · 487+ views
    Associated Press via Yahoo ^ | January 16, 2008 | Dikky Sinn
    HONG KONG (AP) -- Asian markets plunged Wednesday on growing speculation the U.S. economy -- a vital export market -- is sliding into a recession that could lead to a global slowdown. (snip)""American financial mismanagement has brought us to this economic meltdown," said Francis Lun, a general manager at Fulbright Securities in Hong Kong. "Asian stock markets are all suffering; nobody has escaped." (snip) "In Europe, where markets had fallen sharply Tuesday, stocks slid again. Britain's FTSE 100 and Germany's DAX were both down about 1.2 percent in morning trading."