27
November
Asia markets hit by panic selling
27 November 2009 The Financial Times
Stock markets across the globe suffered fresh falls on Friday as global investors scrambled to understand the implications of Dubai World’s restructuring and unexpected debt standstill.
The lack of information about Dubai’s flagship government-owned holding company, made worse by a religious holiday in the Middle East, prompted indiscriminate selling of stocks linked to the region. The cost of insuring against default in emerging markets around the world also leapt.
http://www.ft.com/cms/s/0/e3da189c-da63-11de-9c32-00144feabdc0.html
