Stock price index at a number of major Asian stock and commodity prices fell back Thursday morning at the beginning of this transaction. The decline was triggered by growing concerns about the debt market participants will in several European countries, which could potentially push the world economy into the global financial crisis.
Noted, the price of copper fell to U.S. $ 7,000 per ton, gold slipped below U.S. $ 1,600 per ounce, down U.S. $ 300 from record highs earlier this month, as well as other commodity-related stocks also fell.
In the last week selloff seen extending to the commodity sector, stocks and bond markets, as well as the United States dollar relinya reminded investors that the collapse of investment bank Lehman Brothers three years ago.
"Because of the high level of uncertainty about the European situation and its impact on economic growth, the market shifted in the U.S., and we will see a similar step today," said Yutaka Miura, senior technical analyst at Mizuho Securities, as reported by Reuters.
Tokyo stocks as the Nikkei 225 fell 0.9 percent, the MSCI index of Asia-Pacific stocks outside Japan fell one percent, and other sub-indexes slid more than 2 percent.
In the U.S. market, index futures S & P 500 fell 24.32 points, or 2.07 percent to as low as 1151.06, and other Wall Street's benchmark stock which fell by 2.1 percent on Wednesday when the New York transactions.
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