Global Stock Markets

New York, Tokyo, Hong Kong and China’s bourses hit a sharp drop to hit a three-day low Tuesday.

US stocks fell in volatile trading on Monday and the Dow Jones Industrial Average fell nearly 1,600 points at session lows.

The Dow Jones industrial average closed at 1175.21 points, or 4.6 percent, at 24,345.75. The Standard & Poor’s 500 Index <.SPX> was down 113.19 points, or 4.10 percent, to end unofficially at 2,648.94.

The Nasdaq Composite Index closed 273.42 points, or 3.78 percent, at 6,967.53 points, as the Dow Jones and S & P 500 recorded the biggest single-day drop since August 2011.

In Japan, the Nikkei average fell 4 percent at the opening of trading on Tuesday.

The Nikkei fell 1.83 percent to 2,267.00 points, while the broader TOPIX index <.TOPX> was down 1.91 percent at 1,788.85.

The Hong Kong stock exchange fell 4 percent at the opening of the session on Tuesday, followed by the Japanese and New York, which saw a corrective move on Monday, during which the Nasdaq lost about 1,600 points, in an unprecedented event, before cutting its losses at the closing at 4.60%.

In the first minutes of trading, the Hang Seng Index lost 3.77 percent, or 1216.56 points, to 31,28.68 points.

In mainland China, the Shanghai Composite Index lost 1.99% (69.49 points) to 3,418.01 points, while the Shenzhen Composite Index lost 1.95% to 1,771.08 points.

2 Comments