Hxen.com's tips：Every day persisted can learn English well!-->■Learn English Everyday■
Stocks on overseas markets extended the heavy selling that began on Wall Street Friday, triggered by a weaker than expected reading on consumer confidence.
 |
Traders work at their desks in New York Stock Exchange, the United States, on Aug. 17, 2009. Wall Street plunged on Monday amid global sell-off, as investors around the world feared the recent rally of equities had outpaced the prospects for economic growth. The Dow Jones average fell 186.06, or 2 percent, to 9,135.34. The S&P 500 index fell 24.36, or 2.4 percent, to 979.73, while the Nasdaq fell 54.68, or 2.8 percent, to 1,930.84 |
The Shanghai composite index fell 5.8 percent, the worst one-day drop since November, while the Japanese Nikkei stock average declined 3.1 percent due to a weaker-than-expected GDP growth for the second quarter.
 |
A trader works in New York Stock Exchange, the United States, on Aug. 17, 2009. |
The market took a hit last week by a sharp drop in the Reuters/University of Michigan consumer sentiment index, which followed a surprisingly weak July retail sales report from the U.S. Department of Commerce.
Meanwhile, oil prices dipped below 66 U.S. dollars a barrel on the New York Mercantile Exchange Monday.
 |
Traders work in New York Stock Exchange, the United States, on Aug. 17, 2009 |
The Dow Jones average fell 186.06, or 2 percent, to 9,135.34. The S&P 500 index fell 24.36, or 2.4 percent, to 979.73, while the Nasdaq fell 54.68, or 2.8 percent, to 1,930.84.