Asia stock markets tumble on worries about slump (AP)

Posted by admin on September 3, 2008 under News | Be the First to Comment

Asia stock markets tumble on worries about slump (AP)

South Korean workers walk past an electronic stock board at the Korea Stock Exchange in Seoul, South Korea, Monday, Sept. 1, 2008. South Korean shares fell sharply Monday, diving to their lowest level in more than 17 months on investor pessimism amid multiyear weakness in the South Korean won. The Korea Composite Stock Price Index declined 59.81 points, or 4.1 percent, to 1,414.43, the lowest level since March 14, 2007. (AP Photo/ Lee Jin-man)AP – Stocks fell around the world Monday, led by Asian exchanges as concerns about a slowing global economy weighed heavily on the markets. Oil prices declined sharply as Hurricane Gustav weakened, but investors were still waiting to see how much damage the storm might do to Gulf Coast oil operations.


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