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On February 6, European markets have followed Asian markets lower as investors continued to dump shares.

Frankfurt, London and Paris all fell sharply at the open with losses of up to 3%, before recovering some ground.

In the US overnight the Dow Jones lost 4.6%.

Japan’s Nikkei 225 closed down 4.7%.

The sell-off began last week after data in the United States showed stronger wage growth, which raised expectations that US interest rates might start to rise more quickly to tackle inflation.

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Frankfurt’s Dax and Paris’s CAC were down 2.2% and 2% respectively.

London’s FTSE 100 was down 150 points or 2% at 7,184.74 in mid morning trade.

On February 5, the FTSE 100 closed at its lowest level since April 2017.

The falls follow some good years for investors.

Last year, the Dow Jones was up 25% and London’s FTSE 100 rose 7.6%.

Hong Kong’s Hang Seng ended closed 5% lower and South Korea’s Kospi index gave up 2.6%. Australia’s benchmark S&P/ASX 200 lost 3.2%.

Japan’s Nikkei saw steeper falls overnight, with a loss of some 7% at one point.

Unlike elsewhere in the world, where interest rates are beginning to or are expected to start rising, Japan’s immediate economic outlook remains stagnant. The authorities there said there was little chance of interest rates being increased.

Traders returned to their desk in the aftermath of Friday’s rout to another bout of selling.

That left the Dow Jones Industrial Average index down 1,175 points, or 4.6% at the end of Monday’s session to 24,345.75.

The decline was the largest in percentage terms for the Dow since August 2011, when markets dropped in the aftermath of “Black Monday” – the day Standard & Poor’s downgraded its credit rating of the US.

The drop on the Dow Jones was closely followed by the wider S&P 500 stock index, down 4.1% and the technology-heavy NASDAQ, which lost 3.7%.

However, the White House reassures investors saying it was focused on “long-term economic fundamentals, which remain exceptionally strong”.

Asian stock markets opened higher on November 6 after US stocks hit record highs on Republicans taking control of the Senate.

The Republican victory raised investor hopes for more pro-business and energy-friendly policies from the US government.

The Dow Jones jumped to a new record close of 17,484.53, while the S&P 500 also finished at a record 2,023.57.

Japan’s Nikkei 225 index was up 0.4% to 17,012.71 after five days of gains.

The yen strengthened marginally against the dollar to 114.63, down from 114.69 yen in New York trade.

Asian stock markets opened higher after US stocks hit record highs on Republicans taking control of the Senate

Asian stock markets opened higher after US stocks hit record highs on Republicans taking control of the Senate

In Greater China, Hong Kong shares opened up 0.2% with the Hang Seng index at 23,737.76.

The benchmark Shanghai Composite index was higher 0.1% to 2,423.23 points.

In Australia, shares were trading lower 0.1% with the benchmark S&P/ASX 200 index at 5,510.20 points despite news that employment figures rebounded in October.

Government data showed that Australia added an estimated 24,100 jobs in October, recovering from a revised 23,700 drop in September. But concerns about the reliability of the data that has been revised a few times in past months weighed on investor sentiment.

Shares of struggling television channel Ten Network rose as much as over 10% in early trade after it said it had hired Citigroup to assess “strategic options” as reports surfaced of takeover offers.

In South Korea, the Kospi index was up over 0.3% at 1,937.78 points.

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Asian markets opened lower on October 16 after Wall Street tumbled on US economic data, fuelling growth concerns.

Data from the US showed retail sales and producer prices both fell in September, dimming expectations of an interest rate hike by the central bank.

The S&P 500 fell as much as 3%, briefly turning negative for the year before closing down 0.8%.

Japan’s shares fell more than 2% to a four-and-a-half-month low.

In early trading the Nikkei 225 was at 14,751.77. The dollar was at 105.92 yen, flat from New York trade.

Asian markets opened lower after Wall Street tumbled on US economic data

Asian markets opened lower after Wall Street tumbled on US economic data

Among the losers were shares of Toyota, down over 2% after the automaker issued a recall of 1.75 million vehicles on Wednesday.

Hong Kong shares opened down almost 1% as the Hang Seng Index fell 226.55 points to 22,913.50.

On the mainland, the Shanghai Composite fell 0.5% to 2,451.65 points after data showed that the rate of inflation in September fell, adding to evidence of a slowing economy.

In Australia, the benchmark S&P/ASX 200 was lower 1% at 5,194.80 points.

Shares of Woodside Petroleum, Australia’s largest independent oil and gas producer, were lower 0.1% despite its third quarter production results beating forecasts.

In South Korea, shares followed the global downtrend.

The benchmark Kospi was down 0.7% after the Bank of Korea cut its interest rate for the second time in three months on October 15, and also downgraded its growth forecasts for the economy for this year.

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