After the European lists and Wall Street, Asia has also collapsed. The fears come from the statement of Morgan Stanley which yesterday announced the danger of a global slowdown, revising its estimates for world GDP growth downwards to 3,9% from the previous 4,2%.
Tokyo suffered a sell-off with a Nikkei that closed in the red at -2,51% falling to 8.719,24 points (224,52 points less than yesterday's close). To make matters worse was the announcement, almost closing of a new earthquake in northeastern Japan, off the coast of Fukushima. Even worse was the performance of Seoul where the reference index Kospi closed with a plunge of 6,2%, losing 115,70 points and falling to 1.744,88. Hong Kong was also bad, losing 2,79% shortly before the closure
The drop in oil futures and the fall in interbank activity contribute to the worsening of the market's already bad moods: the Fed has placed the requests of European banks in the USA under observation. Asian losses are accumulating as stock market capitalization fell on Black Thursday: market capitalization fell by 300 billion euros in a single session.
The sales fever in European price lists continues today. The main stock markets opened down: at 10.15 am the FtseMib lost 2,40%, Frankfurt 3,27%, the Cac40 in Paris 2,84% and the Ftse100 in London was in the red by 1,86% .
In Piazza Affari after being suspended due to excessive reductions, the titles Fiat and Unicredit return to trade at -4,25% and -3,45% respectively.
