Wednesday, May 27, 2009

World markets shaken by NKorea's missile tests

World stocks fell Tuesday as North Korea test-fired two missiles just a day after its nuclear test, increasing uncertainty among investors already worried that the recent rally in equity markets may be overdone.

European indexes followed Asian markets lower, with trading gaining momentum as Britain and the U.S. come back from a long weekend.

In European morning trading Germany's DAX 30 was 1.6 percent lower at 4,842.35 and Britain's FTSE 100 was down 0.8 percent at 4,329.09. France's CAC 40 fell 1.4 percent at 3,190.40.

In Asia, South Korea's market led the region's losses with a 2 percent decline.

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