Analysts warn markets will remain volatile

August 05, 2011 10:53

This is what the bbc.co.uk says on the stock market blood bath. The Asian stock markets have slumped on Friday, extending a global equity sell-off after Wall Street had its worst day in more than two years.

Japan's main index fell 3.4%, South Korea's lost 3%, Australia's dipped 3.9% and Hong Kong's shed 4.4%. On Thursday, shares in the US and Europe tumbled on fears about the strength of the US economic recovery and the eurozone debt crisis.

Analysts warned that global markets may remain volatile in the coming weeks.

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