Gloom takes hold despite China’s central bank pumping £64bn worth of liquidity into financial systemShares in Asia experienced further turmoil after an earlier rally petered out,extending the rout on global stock markets prompted by growing fears over the global economy.
European stock markets turned negative after a small rebound earlier on, as oil prices continued their slide. Similarly in Asia Pacific, and modest early gains were soon wiped out as gloom took hold in late afternoon trading,led by heavy selling in Japan, Hong Kong, and mainland China and South Korea. Related: No global economic crisis yet,but the ingredients are there Continue reading...
Source: theguardian.com