Europe Bounces After Weak Start
Stocks sold off sharply overnight in Asia and were mixed in Europe Friday morning, a day after credit market fears fed a 2% drop in the Dow Jones Industrial Average.
Shares fell 2.4% in Tokyo, 2.8% in Hong Kong and 4% each in Taiwan and Seoul, but were flat in Shanghai.
Meanwhile, after opening sharply lower shares in Europe bounced back, with the Paris Cac and London FTSE up a few points each and Germany's Dax rebounding off its worst levels to be down less than 1%.
U.S. stock futures were pointed modestly higher Friday morning after Thursday's selloff, which took the DJIA down as much as 460 points, or more than 3%, at one point. The selloff comes just a week after the blue-chip index set an all-time high at 14,000 and as investors begin to worry about spreading problems in the debt markets that have fueled stocks' record run.
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