Markets down across globe
Traders at the Sao Paulo BM&F exchange (Bolsa de Mercadorias y Futuros) work furiously as stocks plunged 6.9% on the main index of the Bovespa exchange. Markets were down worldwide on negative reaction to the U.S. economic stimulus proposal. (Sebastião Moreira / EPA)
Japan’s benchmark Nikkei-225 index shed 535.35 points, or 3.9%, to close at 13,325.94 on the Tokyo Stock Exchange. Exporters were hit especially hard, with Toyota Motor Corp. losing 3.3% and Honda Motor Co. sinking 3.4%. (Katsumi Kasahara / Associated Press)
People check a giant screen showing Bombay Stock Exchange data in Mumbai, India. The benchmark Sensex index took a 7.4% dive its second-biggest percentage drop ever to 17,605.35. (Rajesh Nirgude / Associated Press)
In Spain, a screen shows the drop in the Madrid Stock Exchange’s IBEX-35 index . The index, made up of the country’s top 35 companies, fell more than 7%, a decline not seen since October 1998. (J.L. Pino / EPA)
