Fear appears to confirm its strong return on the stock markets, as evidenced by Thursday's second largest loss in the history of the Tokyo Stock Exchange.
Indeed, the Nikkei lost 11.41% to 8458.45 points at closing. Only the crash of 1987 was worse for the Japanese stock market, which had lost 14.9%.
The Shanghai Stock Exchange has also suffered significant losses at the end of the meeting, while the main index has cut 4.25% to 1909.94 points.
In Europe, the German DAX fell 2.69% to 4730.98 points around 6:06 pm New York. Meanwhile, London lost 3.14% to 3951.37 points and the CAC 40 lost 4% to 3245.87 points in Paris.
The renewed confidence that followed the adoption of plans to rescue the United States and Europe was fragile. Some brokers are not surprised by the decline in block Thursday.
"After the second largest drop in history on Wall Street, it is inevitable that Japanese shares plunge," said Hiroaki Hiwat, strategist at Toyo Securities. "The future will depend on the attitude of investors, if they fix their attention on the financial health of Japanese companies or on external factors," he predicted.
When its bad, its bad all over. I am starting to wonder when we will see a little sunshine in the world of mortgages. When the economy is so bad, who wants to invest in the future?
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