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GLOBAL MARKETS - World stocks hit five-year low
A trader works on the telephone on the floor of the New York Stock Exchange in the final minutes of the trading session in New York, October 9, 2008.
Credit: Reuters/Mike Segar
LONDON |
LONDON (Reuters) - World stocks tumbled on Friday, with the benchmark world index falling to its lowest level in 5 years as Europe joined a panic sell-off in Asian stocks.
The MSCI world equity index fell more than 4 percent to its lowest since October 2003. Emerging stocks fell 4.2 percent to a three-year low.
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