USA - Concern over the US and global economies plunged share prices in New York by more than 500 points at one time on Thursday.

Sell-orders were posted across-the-board immediately after the opening of the market. The Dow Jones Industrial Average dropped sharply at one point by more than 500 points.

The fall came after Morgan Stanley lowered its global economic growth forecast.

In addition, the US consumer price index announced on Thursday was much higher than expected, and it encouraged the view that it has become difficult for Federal Reserve Board to take additional credit-easing measures.

Market analysts predict volatile moves on the stock market to continue as anxiety increases about the future of the global economy, including Europe.

Source: NHK World