“Jan 21 (Reuters) – European shares fell sharply on Monday, wiping out more than $300 billion in market value in their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession sparked a broad-based sell-off.
…
The slide in these three national blue-chip indexes led to a loss in market capitalisation roughly equal to the combined gross domestic product of Ireland and Romania.” (ha ha)
Russia closed almost 8% down, Brazil is trading 6.9% down, so BRIC meltdown is complete.
