China scare spooks world markets
The Shanghai Composite fell 5.8% to 2870.Nikkei index in Japan fell 3.1% 10,268 and Hang Seng index declined 3.6% to 20,137.
Equity markets all over the world are witnessing heavy offloading on Monday. Sell off is not only seen in the Indian markets but in the Asian, European and also the US Futures markets.
Asian markets ended in deep red with the Nikkei index in Japan sliding down 3.1% 10,268 and the Hang Seng index declined 3.6% to 20,137.
Sony Corp and Nissan Motor lost more than 3%,Ping An Insurance declined 6%. The MSCI Asia Pacific Index lost 3.1% to 110.64 as of 5:39 p.m. in Tokyo, the biggest decline since March 30.
Equity markets in China witnessed its biggest decline since November, stocks took a heavy beating on account of a decline in commodity prices and concerns over liquidity tightening measures by the government.The Shanghai Composite fell 5.8% to 2870.
In Europe, the FTSE index in UK was down by 1.7% at 4633, the CAC index in France was down 2.4% at 3412, DAX index in Germany was diwn 2.15% at 5,194.
In the US, the Dow Jones Industrial Futures was down by 183 points.
source: IndiaInfoline
Tags: China markets, Dow Jones, hot stocks, indian markets, Nikkei index live, nse bse tips
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