stoxx index: The MSCI world stock index hit an eight-month low, according to The Guardian. The sell-off has dragged the FTSE 100 index into a correction the blue-chip index has now lost more than 10% of its value since May, when it traded at an all-time high of 7,903. The Stoxx 600 index, which tracks the biggest shares in the region, tumbled by 1.6% to its lowest level since the start of February 2017. The FTSE was down 128 points on Thursday morning, sliding 1.8% to 7,017.39. The Nikkei index in Tokyo lost 4%, while Hong Kong's Hang Seng was down 3.8% and the Shanghai market tumbled 5.2%. In Australia the benchmark S&P/ASX200 index closed down 2.7%, suffering its worst one-day fall since February. Why are markets plunging and which stocks are worst hit Read more Asian markets were also in the red.
(news.financializer.com). As
reported in the news.
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