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Asian markets fall as weak US data hits investor morale

Category: Business

Published: 2nd Jun 2011 02:42:43

Asian shares fell on Thursday as weak economic data from the US raised concerns about a slowdown in the global economic recovery.

Japan's benchmark Nikkei 225 index fell 1.7%, while Australian shares slipped 2%.

Wall Street shares registered their biggest fall in 10 months, with the Dow Jones Industrial Average falling 2.2%.

Markets also reacted negatively to the news of a no-confidence motion against Japan's prime minister Naoto Kan.

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BBC News, 2011. Asian markets fall as weak US data hits investor morale [Online] (Updated 2nd Jun 2011)
Available at: http://www.ukwirednews.com/news/158649/Asian-markets-fall-as-weak-US-data-hits-investor-morale [Accessed 24th Jul 2014]

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