Economy

xchrom

(108,903 posts)

4. WORLD STOCK MARKETS SINK AFTER US SELL-OFF

Tue Jan 14, 2014, 07:11 AM

Jan 2014

http://hosted.ap.org/dynamic/stories/W/WORLD_MARKETS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-01-14-03-52-28

HONG KONG (AP) -- Most stock markets sank Tuesday as a big sell-off that began in the U.S extended around the globe.

Asian and European investor sentiment was dampened after U.S. stocks had their worst day so far this year, with major Wall Street benchmarks all dropping more than 1 percent. Confidence among investors was sapped by a weak U.S. employment report last week even as some analysts blamed severe cold weather and noted that one weak month doesn't make a trend.

After strong gains in stock markets last year, investors fear that prospects for more gains might be limited in the short-term.

Germany's DAX slumped 1.2 percent to 9,398.20 and the FTSE 100 index of leading British companies slipped 0.8 percent to 6,704.29. France's CAC 40 dropped 1 percent to 4,220.34.

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