Worldwide stock market fears

The enormous losses on the markets are continuing this morning, sparking economic fears around the world.Asian investors watched as China’s Shanghai Composite posted its biggest one-day percentage loss since 2007.In Hong Kong the Hang Seng lost more than 1100 points.Japan’s Nikkei dropped 895.Europe is following with triple digit losses in England, Germany and France in early afternoon trading.Both the TSX and the Dow could start the week in the red after big losses Friday. Both fell triple digits with the Dow losing more than 500 points.  It’s down 10 per cent from its record close in May.  The losses followed big drops on Thursday as well.North American markets open at 9:30 a.m.

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