GLOBAL MARKETS-Stocks slide, safety shines as bank fears spread ...Middle East

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GLOBAL MARKETS-Stocks slide, safety shines as bank fears spread
source : Devdiscourse ( Middle East ) () 47
Asian stocks tumbled on Thursday, and investors bought gold, bonds and the dollar as fear of a banking crisis was reignited by fresh troubles at Credit Suisse, leaving markets on edge ahead of a European Central Bank meeting later in the day. Japan's Nikkei fell 2% in early trade. Australian shares slumped 2% as well, led by losses for banking stocks, while miners dropped heavily too as the spectre of worldwide banking stress has traders getting out of all kinds of growth-sensitive assets.

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