{"id":94062,"date":"2018-02-06T08:05:22","date_gmt":"2018-02-06T12:05:22","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=94062"},"modified":"2018-02-06T08:07:01","modified_gmt":"2018-02-06T12:07:01","slug":"94062","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=94062","title":{"rendered":"Mainstream Media<\/i> Pushing a ‘Lasting Market Downturn’ Narrative"},"content":{"rendered":"

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Stock Markets Sink, Suggesting Global Rout Will Last<\/h1>\n

By JACK EWING and ALEXANDRA STEVENSON
\nThe New York Times<\/p>\n

The market sell-off in the United States ricocheted across the world on Tuesday, as investors from Tokyo to Hong Kong and London to Frankfurt voted with their feet and futures markets indicated the American stock market could be in for another tough day.<\/p>\n

European markets opened sharply lower in morning trading after Asian markets were down at the close, with stocks in London, Frankfurt and Paris all declining. Japanese shares were down about 7 percent at one point before ending 4.7 percent lower, while markets in Hong Kong and Taiwan closed down about 5 percent. The selling was broad, hitting companies of all sizes across industries. An index of Chinese companies listed in Hong Kong dropped more than 6 percent at one point.<\/p>\n

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Market analysts digesting the numbers from Asia said they did not expect the selling to let up anytime soon. And Europe and the United States looked poised for similar selling. On Tuesday afternoon in Asia, futures that track major New York stock market indexes signaled a drop of about 1 percent.<\/p>\n

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Wall Street\u2019s so-called fear gauge \u2014 known as\u00a0the VIX index<\/a>\u00a0\u2014 shot up to its highest level since the summer of 2015, when a market sell-off in China prompted a global sell-off in markets. The index tracks overall market volatility.<\/p>\n

Investors have mostly been spooked by concerns about the potential for rising inflation in the United States. Still, the share run-up of recent months has been global, and experts said a number of markets elsewhere were also due for a readjustment.<\/p>\n

Continue reading the main story<\/a><\/p>\n<\/div>\n

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