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U.S. market sell-off prompt slide in Asian stocks

Feb 09, 2018, 7:09 AM EST
(Source: Kullez/flickr)
(Source: Kullez/flickr)

Panic selling on Wall Street, which dragged the Dow Jones by more than 1,000 points for the second time in a week, prompted a big slide in the Asian markets on Friday with the rout reaching the so-far unaffected Chinese stocks as well.

Amid high volatility, both the buyers and sellers remain uncertain of the markets' next move, and it may take until March that the correction in equities settles down, notes The Guardian.

Andy Xie, an independent economist in Shanghai, opines this “yo-yo” situation may last until the U.S. interest rate rises to a normal level, writes The Washington Post.

 

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