Dow plummets 800 points on worsening global recession fears
Wall Street braces for another wild day after Dow's 800-point plunge
Asian stock markets followed Wall Street lower on Thursday after stocks and oil prices plummeted Wednesday, with the Dow Jones Industrial tumbling 800 points -- the fourth-largest daily point drop on record and the worst this year -- amid increasing global recession fears. Market benchmarks in Shanghai, Tokyo and Hong Kong all retreated. Feeding fears of a global recession was a report that Chinese industrial production was climbing at its weakest rate in 17 years and Germany’s economy -- Europe’s strongest -- was actually shrinking. Wednesday's stock plunge erased the previous day's gains from a rally that began after President Trump delayed tariffs on about $160 billion in Chinese goods due to take effect on Sept. 1. Click here to see how Fox Business anchors explain what's next after Dow's 800-point drop.
Asian stock markets followed Wall Street lower on Thursday after stocks and oil prices plummeted Wednesday, with the Dow Jones Industrial tumbling 800 points -- the fourth-largest daily point drop on record and the worst this year -- amid increasing global recession fears. Market benchmarks in Shanghai, Tokyo and Hong Kong all retreated. Feeding fears of a global recession was a report that Chinese industrial production was climbing at its weakest rate in 17 years and Germany’s economy -- Europe’s strongest -- was actually shrinking. Wednesday's stock plunge erased the previous day's gains from a rally that began after President Trump delayed tariffs on about $160 billion in Chinese goods due to take effect on Sept. 1. Click here to see how Fox Business anchors explain what's next after Dow's 800-point drop.
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