Fear of recession knocks Asian scholarships

The fear of a deep recession in the United States and Europe again down the pockets of Asia this Thursday (16). Negotiations recede especially in Japan, causing a domino effect in other eastern markets. 

With investors into panic because of the fall on Wall Street on Wednesday (15), and contaminated by a possible global recession, the Nikkei 225 index of the Tokyo Stock Exchange despencou this Thursday, and closed the session with losses of 11, 41%, the second biggest upset in its history. 

Nikkei lost 1089.02 points and completed negotiations to 8458.45. In percentage, was the second largest drop in Japanese history of the indicator in a session since the creation of the index, in 1950, after low of 14.90% suffered on 20 October 1987, which is 21 years. 

The Topix index of the Tokyo Stock Exchange, which brings together all the values of the first session, also melted, and ended the day with losses of 9.52% (90.99 points). 

The KOSPI indicator of the stock exchange of Seoul, South Korea, also despencou. The bidding was completed in fall of 9.44%. The KOSDAQ index values technological just pressed down and sold for 9.19%. 

The Hang Seng index of the Stock Exchange of Hong Kong ended the session low at 4.8%. In Shanghai, China, the overall indicator also not resist and closed in the negative: 4.25%. 

Source: G1