Hirunews Logo
Global+markets+fall+sharply
Friday, 21 June 2013 - 13:56
Global markets fall sharply
7

Shares
893

Views

 

Global markets have fallen sharply after the Federal Reserve signalled it may begin to scale back its stimulus of the US economy later this year.

 

On Wall Street, the Dow Jones dropped 2.3%, while the S&P 500 had its worst day since November 2011, shedding 2.5%.

 

European stock markets were down 3% or more by the close.

 

The rest of the world followed suit with the market slide gaining momentum, with US markets falling further after they reopened.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE