World markets have been taking a nosedive in recent days on emerging markets worries and the US Federal Reserve's tapering of bond purchases. We take a look at Asian markets in particular.
Global markets continue to wobble precariously. European markets took a big hit on Tuesday, following major losses across Asia and particularly in Japan. Wall Street steadied after a torrid opening.
Wall Street ended the day Tuesday, with solid gains after a rollercoaster ride that saw losses halved from Mondays plunge. Markets in Asia were down seven percent but regained momentum to close down 4.7 percent.
US stock markets went through more chaos on Thursday, with the latest losses only slightly behind the record-breaking Monday trimming as concerns mount over inflation and interest rate hikes.
Japan's government has nominated Haruhiko Kuroda for a second term as central bank governor, giving the veteran finance chief more time to battle deflation and kick-start the world's third largest economy.
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