GLOBAL STOCK MARKETS IN RETREAT

May 23, 2013

By Scott Walker

Share on

The Tokyo stock market has suffered its biggest one-day loss in more than two years.

The Nikkei Index plunged 1,143 points, which is 7.3%.

The index retreated from recent 5-1/2 year highs because of rising  bond yields, along with signs that China’s manufacturing sector is shrinking.

China is the world’s second biggest economy.

Other Asian markets tumbled as well. Hong Kong’s Hang Seng lost 2.5%.

And European markets have joined the retreat. Germany’s DAX is off more than 2%. London’s FTSE is lower by almost 2%.

Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: