Asian stock markets plunge again. In the market Shanghai the composite index closed the day down 6,4% at 2.750 points; Shenzhen It lost 7,12 percent. Shortly before the market closed, a wave of massive selling began, dragging the stock down.
According to one broker, "the market is very vulnerable; as soon as the price drop became more pronounced, investors started selling like crazy."
Also to Hong Kong The Hang Seng Composite Index fell 479,34 points to 18.860,80. The Hong Kong stock market was dragged down by concerns about the global economy, the negative performance of other Asian stock markets, and the decline in oil prices, which fell below $30 a barrel.
Tokyo It closed sharply down 2,35 percent. The performance of Asian stock markets was impacted by the negative performance of Wall Street and the drop in oil prices, which fell below $30 a barrel. All this amid concerns about the health of the global economy. According to another analyst, "the market is in a downward spiral; investors tend to be overly pessimistic, and all negative news is amplified."
