Asian shares fall after Wall Street plunge
Posted February 08, 2018 6:00 am
BEIJING (AP) - China's stock market benchmark has plunged 5.5 percent and other Asian markets are off sharply after the Dow Jones industrials on Wall Street plummeted more than 1,000 points.
Asian markets on Friday followed Wall Street down as fearful U.S. investors pulled out of the market, sending the Dow into "correction" territory for the first time in two years.
The Shanghai Composite Index lost 5.5 percent. Tokyo's Nikkei 225 was off 3.2 percent and Hong Kong's Hang Seng fell 4 percent. Market benchmarks in Australia, South Korea and Southeast Asia also retreated.
Traders Peter Tuchman, left, and Patrick Casey work on the floor of the New York Stock Exchange, Thursday, Feb. 8, 2018. U.S. stocks are lower Thursday morning as losses from the previous day continue. (AP Photo/Richard Drew)
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Traders Tommy Kalikas, center, and Timothy Nick work on the floor of the New York Stock Exchange, Thursday, Feb. 8, 2018. U.S. stocks are lower Thursday morning as losses from the previous day continue. (AP Photo/Richard Drew)
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Trader Jonathan Corpina, center, works on the floor of the New York Stock Exchange, Thursday, Feb. 8, 2018. U.S. stocks are lower Thursday morning as losses from the previous day continue. (AP Photo/Richard Drew)
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Trader Fred DeMarco, center, and specialist Anthony Rinaldi, right, work on the floor of the New York Stock Exchange, Thursday, Feb. 8, 2018. U.S. stocks are lower Thursday morning as losses from the previous day continue. (AP Photo/Richard Drew)
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Trader Michael Milano, right, works on the floor of the New York Stock Exchange, Thursday, Feb. 8, 2018. U.S. stocks are lower Thursday morning as losses from the previous day continue. (AP Photo/Richard Drew)
The Associated Press
Trader Anthony Carannante, left, works on the floor of the New York Stock Exchange, Thursday, Feb. 8, 2018. U.S. stocks are lower Thursday morning as losses from the previous day continue. (AP Photo/Richard Drew)
The Associated Press
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