World Stock Market Plunge Evokes Recession Fears
The price of oil and other raw materials also fell sharply
The stock market plunged by more than 4 percent yesterday in its worst day in more than two years and investors flooded safe-haven investment alternatives, fearing that global economy may stumble into a new recession.
European markets have continued the steep share sell-off, with investors worried about both the eurozone debt crisis and the weak US economy.