Market carnage across Asia as stocks plunge

[To-Whose-Benefit?]

Asia Times
Asia Times staff October 11, 2018 11:52 AM (UTC+8)

[excerpt]

http://www.atimes.com/article/carnage-as-markets-plunge-across-asia/

Markets in Asia plummeted on Thursday after Wall Street’s major sell-off overnight. The carnage appeared to be triggered by trade war fears and President Donald Trump, who described United States interest rate hikes as “crazy.”

What followed next was a sea of red ink, or green in China and Taiwan, across US, European and Asian markets.

In the Greater China region, the Shanghai composite tumbled to its lowest level in four years, shedding 5.2% to close at 2,583.46. Tech-heavy Shenzhen suffered an even worse fate, plunging 6.4% to end at 1,293.90 points.