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: China Briefing BlogAsian stocks slide amid global recession concerns
By Andy Scott
By Andy Scott
SHANGHAI, Jan. 28 ? Asia stocks tumbled Monday as traders took their cues from a faltering U.S. economy and a Wall Street that lost ground on Friday following a two-day rally.
Following last weeks ups and downs, investor sentiment remained fragile throughout the region as stocks slumped on renewed fears of a global recession.
In Tokyo, the Nikkei dropped 4.32 percent, while shares in Taiwan fell 3.28 percent. China slid down as well, reversing the slight upward trend they experienced on Friday, with the benchmark Hang Seng dropping 5.9 percent. (more…)
Full post as published by China Briefing Blog on January 28, 2008 (boomark / email).
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