{"id":9842,"date":"2011-08-02T01:08:51","date_gmt":"2011-08-02T01:08:51","guid":{"rendered":""},"modified":"2011-08-02T01:08:51","modified_gmt":"2011-08-02T01:08:51","slug":"World-markets-slide-on-rising-concern-over-global-economy","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=9842","title":{"rendered":"World markets slide on rising concern over global economy"},"content":{"rendered":"<p><strong>Global equities sank and the dollar firmed against the euro on today as investors focused on weakness in the world economy and eurozone tensions, while awaiting progress over a US debt deal.<\/strong><\/p>\n<p>London&#8217;s benchmark FTSE 100 index of leading shares fell 0.37 percent in morning trading, Frankfurt slid 0.49 percent and Paris retreated 0.29 percent.<\/p>\n<p>Madrid fell by 0.40 percent and Milan lost 0.81 percent.<\/p>\n<p><strong>Asian markets also stumbled amid stubborn concern that the United States&#8217; credit rating could be downgraded for the first time in history<\/strong> despite US lawmakers having agreed a plan to avert a default.<\/p>\n<p><strong>Hong Kong closed down 1.07 percent, Tokyo sank 1.21 percent, Seoul dived 2.35 percent and Shanghai shed 0.91 percent.<\/strong><\/p>\n<p>&#8220;So much for the relief rally that was supposed to occur on the back of the proposed debt deal,&#8221; said Chris Weston, an analyst at IG Markets trading group.<\/p>\n<p>&#8220;The focus has now shifted to the global economy with manufacturing deteriorating across most global economies.&#8221;<\/p>\n<p>European equities and the euro were also hit by new worries over the plight of debt-laden eurozone member nations Italy and Spain.<\/p>\n<p><em>Source AFP<\/em><br \/>\n<!--break--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global equities sank and the dollar firmed against the euro on today as investors focused on weakness in the world<\/p>\n","protected":false},"author":1,"featured_media":70655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[],"tags":[],"class_list":["post-9842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"magazineBlocksPostFeaturedMedia":{"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"colormag-highlighted-post":false,"colormag-featured-post-medium":false,"colormag-featured-post-small":false,"colormag-featured-image":false,"colormag-default-news":false,"colormag-featured-image-large":false,"colormag-elementor-block-extra-large-thumbnail":false,"colormag-elementor-grid-large-thumbnail":false,"colormag-elementor-grid-small-thumbnail":false,"colormag-elementor-grid-medium-large-thumbnail":false},"magazineBlocksPostAuthor":{"name":"Admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Global equities sank and the dollar firmed against the euro on today as investors focused on weakness in the world","magazineBlocksPostCategories":[],"magazineBlocksPostViewCount":147,"magazineBlocksPostReadTime":1,"magazine_blocks_featured_image_url":{"full":false,"medium":false,"thumbnail":false},"magazine_blocks_author":{"display_name":"Admin","author_link":"https:\/\/asiancemagazine.com\/?author=1"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g","magazine_blocks_category":"","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/9842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9842"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/9842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/70655"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}