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| Version 0 | Version 1 |
|---|---|
| US economy woes spark Asia falls | US economy woes spark Asia falls |
| (41 minutes later) | |
| Hong Kong and Australia shares have tumbled on concerns about the potential repercussions of a US slowdown. | Hong Kong and Australia shares have tumbled on concerns about the potential repercussions of a US slowdown. |
| Hong Kong's Hang Seng stock index fell up to 4.4%, following falls in the US on Wednesday. Australia shares fell 3%. | Hong Kong's Hang Seng stock index fell up to 4.4%, following falls in the US on Wednesday. Australia shares fell 3%. |
| Mining and oil shares were hard hit as fears grew about a possible reduction in the demand for raw materials. | |
| In Singapore trading, gold fell more than 2% to a one-month low of $920.30 an ounce, while US crude oil slid by $1.43 to $101.11 a barrel. | In Singapore trading, gold fell more than 2% to a one-month low of $920.30 an ounce, while US crude oil slid by $1.43 to $101.11 a barrel. |
| "The US is still the biggest contributor to global growth, so any slowdown will have implications for commodity prices," Jason Teh at Investors Mutual in Sydney said. | "The US is still the biggest contributor to global growth, so any slowdown will have implications for commodity prices," Jason Teh at Investors Mutual in Sydney said. |
| The Hang Seng in Hong Kong was down 3.5% at 21,108.2. | |
| However, shares in Shanghai closed up 1.1% after a period of volatile trading in which the index was as much as 6.5% lower during the day. | |
| Japan's stock markets were closed for a public holiday. |