Nikkei and Hang Seng Plunge 4% - August 5th, Market Update
cityindex
2011-08-05
Views 14
Watch as Trevor Yeung of City Index (http://www.cityindex.co.uk/) brings you the latest trading floor news on Friday 5th August 2011. Today's headlines include:
- The FTSE had the lowest closing level since 2010 yesterday due to uncertainty of global growth.
- In Asia, equity markets plunged into deep losses with some indices such as the Nikkei and Hang Seng tanking around 4%.
- The FTSE 100 was down 2 percent at 5286, having dropped 3.4 percent on Thursday to close below 5400 for the first time since September 2, 2010.
- European shares plunged to 14-month lows after a steep sell-off in global markets on growing concerns that the US economy could be heading towards another recession and on fears of the eurozone debt crisis in Italy and Spain as their 10-year Treasury bond yields climbed above 6% this week.
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
- The FTSE had the lowest closing level since 2010 yesterday due to uncertainty of global growth.
- In Asia, equity markets plunged into deep losses with some indices such as the Nikkei and Hang Seng tanking around 4%.
- The FTSE 100 was down 2 percent at 5286, having dropped 3.4 percent on Thursday to close below 5400 for the first time since September 2, 2010.
- European shares plunged to 14-month lows after a steep sell-off in global markets on growing concerns that the US economy could be heading towards another recession and on fears of the eurozone debt crisis in Italy and Spain as their 10-year Treasury bond yields climbed above 6% this week.
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
Report form
RELATED VIDEOS
