Asian Stocks Waver On Concerns Of Global Growth
Major stock markets in China and elsewhere in the region saw another day of volatile trading Wednesday, as the head of the IMF warned that concerns over Asia's economy are reverberating across the globe.
Shanghai stocks plunged nearly 4.5 percent at opening, before recovering to positive territory at the break. Just before the close, the benchmark Chinese index was down about 1 percent.
In Tokyo, the Nikkei also tumbled in morning trading, but ended the day down only four-tenths of one percent. Trading was basically flat in Seoul and Sydney.
The early morning Asian sell-off came after a poor day on Wall Street, where main indexes lost about 3 percent on Tuesday, as fears grew about a slowdown in the world economy.
Gunmen Kidnap 18 Turkish Workers in Baghdad
Gunmen kidnapped 18 Turkish workers Wednesday in Iraq's capital.
The workers, who were part of a crew building a football stadium, were taken in the mainly Shi'ite Habibiya district in northeastern Baghdad.
There was no indication of the identity of the kidnappers or their motive.
Turkey's Deputy Prime Minister Numan Kurtulmus said Turkish authorities were in contact with those in Iraq.
Last year, Islamic State militants seized 49 Turkish hostages from Turkey's consulate in Mosul and held them for more than three months before releasing the group. Those hostages included diplomats, soldiers and children.