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article imageAsian Markets Plunge Across Board on monday

By Jishpar     Mar 5, 2007 in Business
Markets in Asia and Europe fell again Monday, extending their slide into a second week
All the investors are worried about a possible global slowdown for past weeks.Also sparking jitters was the yen's jump to a three-month high against the dollar.In Tokyo, the Nikkei 225 index fell for a fifth day.
Now coming to the markets in Hong Kong, Australia, the Philippines, India and South Korea all fell sharply Monday, continuing their declines from last week, when a 9 percent plunge in Chinese stocks on Tuesday triggered a sell-off on Wall Street and other global markets.
"When there's such a big market move in such a short period of time, there's that element of surprise and confusion," said Teruhisa Ishikawa, section chief for investors information at Mizuho Investors Securities Co.
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