Tokyo: Asian stock markets slumped on Friday. Japan’s main index fell 3.7%, South Korea’s also lost 3.7%, Australia’s dipped 4% and Hong Kong’s shed 4.6%. While Pakistan lost 500 point in 100 index.
On Thursday, shares in the US and Europe tumble amid fears about the strength of the US economic recovery and the eurozone debt crisis.
Analysts warned that global markets may remain volatile in the coming weeks.
The sell-off in global equities in recent days has hit investors hard.
Over the past nine trading sessions, the US S&P 500 stock index has lost $1.37tn (£843.6bn) from its total market value.
In Europe, the UK’s FTSE has seen £160.9bn ($261bn) wiped off its market value. In Germany, the Dax has shed 85.5bn euros (£74.2bn; $120.5bn), with France’s Cac losing 13.6bn euros.
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