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| Version 3 | Version 4 |
|---|---|
| European and Asian markets rally | European and Asian markets rally |
| (20 minutes later) | |
| Asian and European stock markets regained some ground on Tuesday following five days of losses. | Asian and European stock markets regained some ground on Tuesday following five days of losses. |
| London's FTSE 100 index rose slightly, climbing 38.8 points to 6,077.5 by mid-morning. Other European markets also edged higher. | London's FTSE 100 index rose slightly, climbing 38.8 points to 6,077.5 by mid-morning. Other European markets also edged higher. |
| Japan's Nikkei index, which had lost 8% of its value in the past five sessions, climbed 1.2%, while the Bombay Stock Exchange closed 2.3% higher at 12,697. | |
| The Nikkei index closed up 202.25 points at 16,844.5 as the yen slid. | The Nikkei index closed up 202.25 points at 16,844.5 as the yen slid. |
| The weakening yen boosted shares in companies such as Toyota which rely on overseas sales for much of their revenue. | The weakening yen boosted shares in companies such as Toyota which rely on overseas sales for much of their revenue. |
| Hong Kong's Hang Seng index climbed 2.1%, while the main indexes in Australia and China put on 2%. | Hong Kong's Hang Seng index climbed 2.1%, while the main indexes in Australia and China put on 2%. |
| Markets in Malaysia, South Korea, Taiwan, Singapore and Indonesia were all 1% higher. | Markets in Malaysia, South Korea, Taiwan, Singapore and Indonesia were all 1% higher. |
| The price of oil also rallied slightly, edging up above $60 a barrel. | The price of oil also rallied slightly, edging up above $60 a barrel. |
| Overvalued? | Overvalued? |
| On Monday, the US Dow Jones index was positive for most of the day, but fell towards the end of the session to close down 63.7 points at 12,050.4. | On Monday, the US Dow Jones index was positive for most of the day, but fell towards the end of the session to close down 63.7 points at 12,050.4. |
| Elsewhere on Wall Street, the technology-laden Nasdaq index closed down 1.1% at 2,340.7, while the S&P 500 index ended 0.9% lower at 1,374.12. | Elsewhere on Wall Street, the technology-laden Nasdaq index closed down 1.1% at 2,340.7, while the S&P 500 index ended 0.9% lower at 1,374.12. |
| European and Asian market equity markets have suffered heavy losses in recent days, after investors dumped stocks amid concerns that they were overvalued and that economic growth could slow. | European and Asian market equity markets have suffered heavy losses in recent days, after investors dumped stocks amid concerns that they were overvalued and that economic growth could slow. |
| The current stock slump was triggered last week by the biggest drop on China's market in a decade. | The current stock slump was triggered last week by the biggest drop on China's market in a decade. |
| That fed into fears about the state of the US economy, at a time when many investors were questioning whether share prices had risen too far too quickly. | That fed into fears about the state of the US economy, at a time when many investors were questioning whether share prices had risen too far too quickly. |
| Many of the world's top indexes and shares had climbed to levels not seen since the dotcom bubble burst in 2000. | Many of the world's top indexes and shares had climbed to levels not seen since the dotcom bubble burst in 2000. |