In the wake of the United States’ active 3.7 percent growth in Q4 GDP, and the Federal Reserve’s second cut to its stimulus program, markets around the world are taking it on the chin again today.

Investors were fleeing from risk this morning, as indices were down more than 2 percent in Tokyo (Nikkei 225 -2.51 percent) Hong Kong (Hang Seng: -2.11 percent) and Mumbai (Sensex 30 -2.02 percent).

Global markets surged today as a year-end rally revved up on good news for stocks out of Japan and China, as well as an afterglow from Thursday’s report of reduced U.S. unemployment benefit claims.

Japan’s Nikkei Index Falls 7.3% for Several Reasons (YahooFinance) The Japanese stock market’s single-largest, one-day loss since the 2011 tsunami featured a 7.3 percent plunge yesterday that was blamed on lower-than-expected Chinese manufacturing figures for April, the Federal Reserve’s lack of | Read More »