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World stocks set for biggest 1-day loss in 20yrs

Mon Sep 29, 2008 8:26pm IST
 
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LONDON (Reuters) - World stocks tumbled more than 4 percent on Monday, on track for their biggest one-day loss in at least 20 years as concerns about the financial sector intensified, prompting broad sell-off in risky assets.

MSCI's main world equity index fell 4.2 percent on the day, hitting its lowest level since September 18.

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Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
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