World stocks hit lowest in almost 2 years

Tue Aug 26, 2008 11:59am BST
 
Email | Print | | Single Page
[-] Text [+]

LONDON (Reuters) - World stocks fell to their lowest in almost two years on Tuesday as fresh concerns about the financial sector and growth outlook prompted investors to dump risky assets.

By 8:45 a.m. British time, the MSCI world equity index fell as low as 330.12, hitting its lowest since September 2006 and bringing losses this year to more than 18 percent.

(Reporting by Natsuko Waki)

 
Billionaire investor Warren Buffett laughs as he appears with Microsoft Corporation founder Bill Gates for a town hall style meeting with business students broadcast by financial television network CNBC at Columbia University in New York, November 12, 2009. REUTERS/Mike Segar
Buffett says the panic is over

Warren Buffett, perhaps the world's most admired investor, says the financial panic that gripped the globe last year is a thing of the past.  Full Article 

Photo

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos