Russia, Brazil Lead Worldwide Equities Plunge

Global stock markets plunged precipitously today, as fears of a global credit squeeze and recession continued. The U.S. Dow Jones and NASDAQ indexes were down about 7 and 8 percent, respectively, as of this writing, at 3 p.m. in Washington. But the U.S. plunge looked relatively minor next to the performance of equities in Brazil and Russia, which were the two biggest laggers among world markets. Brazil’s BOVESPA index was down more than 12 percent as of this writing, and Russia’s MICEX index dropped an astonishing 18 percent, even though trading was halted three times during Monday’s session. Why the […]

Keep reading for free right now!

Enter your email to get instant access to the rest of this article, get five free articles every 30 days, and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Become a member now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Weekly in-depth reports, including features on important countries and issues.
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.
  • Completely ad-free reading.

And all of this is available to you — right now for just $1 for the first 30 days.

More World Politics Review