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You are here: Home / Global stocks plunge after Wall Street fall on rate hike

Global stocks plunge after Wall Street fall on rate hike

By JOE McDONALD Published December 20, 2018 Energy Associated Press Facebook Twitter Comments Print Image 1 of 2 ▼ People walk across an electronic board showing Hong Kong share index outside a bank in Hong Kong, Thursday, Dec. 20, 2018. Asian stock markets sank Thursday after the Federal Reserve raised U.S. interest rates and Wall Street dived to a 15-month low.(AP Photo/Kin Cheung) Global stock prices plunged Thursday, following Wall Street down after the Federal Reserve raised U.S. interest rates. Continue Reading Below KEEPING SCORE: In early trading, France’s CAC 40 index fell 1.4 percent to 4,709.13 points and Germany’s DAX lost 1.3 percent to 10,620,79. London’s FTSE 100 retreated 1.2 percent to 6,682.26. On Wednesday, the FTSE 100 rose 1 percent, the DAX added 0.2 percent and the CAC 40 rose 0.5 percent. On Wall Street, futures for the Dow Jones Industrial Average and the Standard & Poor’s 500 index both fell 0.6 percent. ASIA’S DAY: Tokyo’s Nikkei 225 lost 2.8 percent to 20,392.58 after being down 3.2 percent at one point. The Shanghai Composite Index retreated 0.5 percent to 2,536.27 and Hong Kong’s Hang Seng gave up 1 percent to 25,615.85. Seoul’s Kospi shed 0.9 percent to 2,060.09… Read full this story

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