Libya Unrest Hits Global Markets
Published / Last Updated on 21/02/2011
Libya Unrest Hits Global Markets.
As escalating tensions in Libya continue and an earthquake in New Zealand which has killed at least 65 people, the European and Asian markets were harshly lower today. The German Dax was down 0.5 per cent and the French Cac was also down 0.9 per cent. Japan’s Nikkei index, South Korea’s Kospi and Hong King’s Hang Seng were all trading around 2 per cent lower.
Meanwhile, following the earthquake in New Zealand, the NZX 50 stock index dropped 0.7 per cent with worries that the damage caused by the earthquake will further contribute to the country's growing debt.
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