Tuesday, January 22, 2008

Asian Markets Plunge Again on Economic Fears

HONG KONG — Stock markets across Asia plunged even farther and faster on Tuesday than on Monday — while stock markets in Europe also opened with further losses on Tuesday — as anxious sellers dumped huge numbers of shares on worries that an economic slowdown in the United States could drag down growth around the world.

The European stock markets initially followed their Asian counterparts lower, plunging at the start of trading and then see-sawing back and forth in frenzied trading as investors looked to the opening on Wall Street for direction. European markets later recovered partially and showed more modest declines by late afternoon trading.


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