World markets fall as UK slides into recession (AP)

Posted by admin on January 24, 2009 under News | Read the First Comment

World markets fall as UK slides into recession (AP)

Investors discuss at a private securities company Friday, Jan. 23, 2009, in Shanghai, China. Asian stock markets fell Friday, with Japan's benchmark tumbling almost 4 percent, as grim news about major companies like Microsoft and Sony underscored the depth of the worst global slowdown in decades. Ever major market in the region retreated, giving up most of the gains from the previous session when investors shrugged off gloomy economic data about China and Japan and sent stocks higher. Shanghai's benchmark was down 0.7 percent. (AP Photo/Eugene Hoshiko)AP – World markets fell Friday as investors were disheartened by weak corporate and economic figures and confirmation that Britain plunged into recession at the end of last year.


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