Asian and European stock markets mirror market panic.
Financial markets are being dragged down by the American recession. The second day after the downgrade of the American rating is shaping up to be pessimistic.
247 with international agencies - Asian stock markets fell on Tuesday, dragged down by the poor performance of the United States yesterday. The Japanese stock market was down 4,07% during the morning, after the first 45 minutes of trading. At 0:45 GMT (21:45 Brasília time on Monday), the Nikkei 225 index was down 370,58 points. However, Tokyo closed with a drop of 1,68%.
In Seoul, the Kospi index opened down 3,29%, at 1.807,88 points, and fell 5% during the morning. In Sydney, the stock market opened down 2%, but was down 5% after an hour of trading. The Hong Kong stock exchange was dragged down by the trend and minutes after opening was already down 6,05%, with the Hang Seng index falling 1.239,93 points to 20.250 units.
At the start of trading in Australia, the S&P/ASX 200 index plunged 157,8 points (3,96%) to a full 3.828,3, while the All Ordinaries index retreated 169 points (4,2%) to 3.887,7, its lowest level since July 2009. In New Zealand, the stock market recorded its third day of losses, with the NZX-50 index falling 94,27 points (3%) to a full 3.091,18, after dropping about 3% since last Friday.
Meanwhile, in Europe, the Paris stock exchange opened with a slight increase of 0,21%, largely unfazed by the mobilization of political leaders and awaiting the crucial Fed meeting. However, at 5:50 AM Brasília time, the CAC 40 in Paris was down almost 4%, London 5%, and Frankfurt more than 6%. Madrid was trading down 2,52%.