GLOBAL MARKETS-Asia shares sink as global growth worries deepen [Reuters]
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Source: Reuters
Asia shares sink as global growth worries deepen | Reuters 6 Min Read TOKYO (Reuters) - Asian share markets sank on Tuesday as heightened worries about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year. MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.9 percent in mid-afternoon trade while Japan’s Nikkei lost 1.8 percent to close at its lowest since late March. European shares are expected to start in negative territory, with spread-betters expecting Britain’s FTSE to open 0.8 percent lower and Germany’s DAX and France’s CAC to give up 0.6 percent each. Chinese shares slumped, with the blue-chip index dropping 1.1 percent and Hong Kong’s Hang Seng index down 1.2 percent, while Australian shares also lost 1.2 percent. Markets did not find any relief after a highly-anticipated speech by Chinese President Xi Jinping on Tuesday. MSCI’s broadest gauge of the world’s stock markets, ACWI, was down 0.2 percent on Tuesday, aft
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