Asian markets plummet over U.S. budget woes

Asian markets plummet over U.S. budget woes

POSTED: Tuesday, February 26, 2013 - 12:00pm

UPDATED: Tuesday, February 26, 2013 - 12:04pm

Asian markets plummeted tuesday over sequestration worries in the United States. American budget woes triggered a large sell-off on all of Asia's major markets.

In Tokyo, the benchmark Nikkei fell 264 points or 2.6%, closing at 11,399. In Hong Kong, the blue chip heavy Hang Seng also fell, ending the day down 1.3%. Markets in South Korea, Thailand and Australia also finished the day in negative territory.

Comments News Comments

Post new Comment