Stock markets in Japan, Hong Kong and South Korea experienced sharp losses Thursday on the heels of a 608-point plunge in the Dow Jones…
Stock markets in Japan, Hong Kong and South Korea experienced sharp losses Thursday on the heels of a 608-point plunge in the Dow Jones that wiped out gains for the year.
Japan’s benchmark Nikkei index plunged nearly 4 percent. Hong Kong’s Hang Seng, affected by declines in semiconductor makers and other tech shares, fell nearly 2.5 percent before ultimately recovering and closing down 1 percent.
Elsewhere in Asia, South Korea’s stock exchange fell 2 percent. India’s Sensex fell nearly a percentage point.
However, the Shanghai Composite ended up slightly for the day, despite China’s markets being down 30 percent since the start of 2018.
Wednesday was rough for all the U. S. major indexes, especially the Nasdaq. The tech-heavy index closed down 4.4 percent — the largest single-day loss in seven years .
The index’s tech giants felt the plunge: Facebook lost 5.
