Global bourses wilt as Eurozone wobbles

Right from Tokyo to London to Frankfurt, investors went on a selling spree, pushing benchmark indices as much as 3 per cent down.

Among major losers in Asia and Europe were Japanese Nikkei, Hong Kong’s Hang Seng, London Stock Exchange’s FTSE 100 and France’s CAC 40. Likewise, Wall Street in early trade on Tuesday wilted with key Dow Jones Industrial Average dropping below sensitive 10,000-mark. Dow slipped below 10,000 level, indicating weak sentiment continues to dog markets. All three major US indices — Dow, Nasdaq Composite and broader S&P 500 — slumped deep into red. The Dow plunged 231 points or 2.29 per cent to 9,835.69 points, while Nasdaq Composite tanked nearly 3 per cent to 2,152.29 points. The S&P 500 too plummeted about 3 per cent to 1,046.19 points ,hitting a fresh 2010 low.

Nikkei dropped 3 per cent to 9,459.89 points and Hang Seng went down by 3.47 per cent to 18,985.50 points. South Korea’s Kospi shed 2.75 per cent at 1,560.83 points. China’s Shanghai SE Composite declined nearly 2 per cent to 2,622.63 points. The FTSE 100 skid nearly 3 per cent to 4,922.02 points, while French benchmark CAC 40 index tanked 3.57 per cent to 3,308.28 points and Germany’s DAX  index was down about 3 per cent at 5,636.19 points in their morning deals.

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