NEW YORK (CNNMoney) -- World stock markets tumbled Tuesday, after a report stoked concerns about the finances of more than five dozen Chinese companies, and as fears remain high about Europe's debt crisis spilling over into Italy.
Asian stocks finished sharply lower, with China's Shanghai Composite (SHCOMP) index falling 1.7% after Moody's Investors Services warned of risky business practices at 61 Chinese companies.
Showing posts with label stock market. Show all posts
Showing posts with label stock market. Show all posts
Tuesday, July 12, 2011
Fearsome drop on US stocks!
NEW YORK (CNNMoney) -- U.S. stocks were headed for another drop Tuesday, amid growing concerns that the eurozone debt crisis is spreading to Italy.
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