Global stocks plunge after shock sales warning
- 5 years ago
Let's start with the carnage on financial markets around the world.
Markets in the U.S., Europe and Asia were slammed on Thursday,... after Apple warned investors its sales were slowing in China,... sparking fears about a slowdown in the world's second largest economy.
After Apple's shock revenue-guidance downgrade,... and troubling comments about the economic impact of the U.S.-China trade war from CEO Tim Cook,... the iPhone maker's shares plunged eight percent in after-hours trading.
The Dow Jones shed over two-point-8 percent,... with tech heavy NASDAQ plunging over 3-percent.
European stocks nosedived as well... with Germany's DAX shedding over one-and-a-half percent.
France's CAC 40 dropped more than one-point-six percent.
Closer to home,... South Korean stocks plummeted to an over two-year low on the rising fears over a global economic slowdown.
The benchmark KOSPI fell 16 points, or zero-point-eight percent, to end at 1,993-point-seven.
Markets in the U.S., Europe and Asia were slammed on Thursday,... after Apple warned investors its sales were slowing in China,... sparking fears about a slowdown in the world's second largest economy.
After Apple's shock revenue-guidance downgrade,... and troubling comments about the economic impact of the U.S.-China trade war from CEO Tim Cook,... the iPhone maker's shares plunged eight percent in after-hours trading.
The Dow Jones shed over two-point-8 percent,... with tech heavy NASDAQ plunging over 3-percent.
European stocks nosedived as well... with Germany's DAX shedding over one-and-a-half percent.
France's CAC 40 dropped more than one-point-six percent.
Closer to home,... South Korean stocks plummeted to an over two-year low on the rising fears over a global economic slowdown.
The benchmark KOSPI fell 16 points, or zero-point-eight percent, to end at 1,993-point-seven.