Selloff descends into a rout in South Korea with biggest one-day drop since
2008
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The KOSPI has shed 20% in two trading sessions as excess leverage triggers
margins calls and forced liquidation of positions by retail investors
1 hour ago
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"We're kind of moving from drama to trauma for a lot of the Eurozone countries," he said.
ReplyDeleteFinancial markets have suffered dizzying swings in recent days and weeks on mounting concern that the eurozone debt crisis and weak US economy could help see the world fall back into recession.
But Zoellick said how much impact the rollercoaster ride will have more broadly depended on how much the loss of confidence spread.