<p>Shares across most of the Asian markets closed deep in the red while European bourses were in the negative territory in early trading hours.<br /><br />The investor sentiment seemed to be further dampened by concerns that China could resort to a tight monetary policy, after seeing robust economic growth in the December quarter.<br />Obama yesterday pitched for new restrictions on the size and scope of financial entities to limit their increased risk-taking ways. The move sent US shares into a tailspin.<br />Japanese benchmark Nikkei 225 shed over points or 2.56 per cent to end the day at 10,590.55 points.<br /><br />South Korea's key Kospi index tumbled 2.19 per cent to 1,684.35 points.<br />Moreover, Singaporean and Indian markets declined over one per cent. While Straits Times Index declined to 2,819.71 points, Sensex shed 191 points to 16,859.68 points.<br />China's key Shanghai SE Composite IX slumped nearly three per cent to 3,128.59 points, a day after the nation announced that its GDP grew 10.7 per cent in last three months of 2009.<br /><br />European shares began on a shaky note in morning trade. Key indices including UK's FTSE 100, slipped marginally.<br /><br />US stocks yesterday took a beating, with the Dow Jones Industrial Average plunging two per cent to 10,389.88 points. The tech-heavy Nasdaq Composite and the broader S&P 500 indices fell more than one per cent.</p>
<p>Shares across most of the Asian markets closed deep in the red while European bourses were in the negative territory in early trading hours.<br /><br />The investor sentiment seemed to be further dampened by concerns that China could resort to a tight monetary policy, after seeing robust economic growth in the December quarter.<br />Obama yesterday pitched for new restrictions on the size and scope of financial entities to limit their increased risk-taking ways. The move sent US shares into a tailspin.<br />Japanese benchmark Nikkei 225 shed over points or 2.56 per cent to end the day at 10,590.55 points.<br /><br />South Korea's key Kospi index tumbled 2.19 per cent to 1,684.35 points.<br />Moreover, Singaporean and Indian markets declined over one per cent. While Straits Times Index declined to 2,819.71 points, Sensex shed 191 points to 16,859.68 points.<br />China's key Shanghai SE Composite IX slumped nearly three per cent to 3,128.59 points, a day after the nation announced that its GDP grew 10.7 per cent in last three months of 2009.<br /><br />European shares began on a shaky note in morning trade. Key indices including UK's FTSE 100, slipped marginally.<br /><br />US stocks yesterday took a beating, with the Dow Jones Industrial Average plunging two per cent to 10,389.88 points. The tech-heavy Nasdaq Composite and the broader S&P 500 indices fell more than one per cent.</p>
