European shares,particularly banks, prefer their cue from sliding Asian marketsPanic hit global stock markets for a moment day as shares plunged in Asia and fell in Europe over fears that the global economy is heading for recession.
Japans Nikkei index tumbled throughout the day and closed down 5.5% in a wave of panic selling. The fall wiped 918 points off the Nikkei, or leaving it at 16085 in the biggest one-day plunge in three years. Continue reading...
Source: theguardian.com