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Stock srink - Suffer from Wall street uncertainty
ELLINGTON (Reuters) - Asian shares are set to plunge on Thursday after U.S. stocks hit a five-and-a-half year low, as investors now expect a lengthy recession to grip the globe.
Sentiment in the market was dire, compounded by U.S. automakers telling the government they will all but fail without taxpayer assistance, and fears of further credit problems cause a meltdown in commercial real estate.
The economic fears sent the U.S. dollar lower against the yen, while government debt rose on a steady flow of funds towards safe-haven assets.
Gold ended higher but oil continued its downward spiral on falling demand.
7:00 PM
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forex,
japan economy,
US currency,
yen japan
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