Skip to comments.World stocks tumble on weak China, Japan data
Posted on 03/10/2014 3:54:28 AM PDT by Red in Blue PA
MANILA, Philippines (AP) -- Asian stock markets sank Monday, battered by weak Chinese trade and a reduced estimate for Japan's economic growth. European markets were mostly higher.
Shares in Malaysia Airlines tumbled on news of the weekend disappearance of one its jets en route to Beijing.
Japan's Nikkei 225 closed down 1 percent at 15,120.14 and China's Shanghai Composite plunged 2.9 percent to 1,999.06. Hong Kong's Hang Seng dropped 1.8 percent to 22,264.93.
Markets were also down in Australia, Taiwan, South Korea and Southeast Asia.
Data released on the weekend showed China's exports fell by an unexpectedly large 18 percent in February, possibly denting hopes trade will help drive the slowing economy while communist leaders push ambitious reforms.
(Excerpt) Read more at finance.yahoo.com ...
Europe is mostly higher so not sure what they mean by ‘world’ stocks. Yahoo taking liberties again.
saw that; it came out 5 or 6 hrs ago & since then stock futures have come up a bit...