NewsCenterEconomyupdated
Stock indexes swing sharply over past two weeks; oil and dollar affected by contacts with Iran
In depth
Trading on Wall Street opened green at the start of the week, following reports of Iranian approval for talks with the United States.
Last week saw sharp declines in Asia: the Kospi lost 5%, the Nikkei fell about 6% and entered a bear market, and Tokyo recorded a rout in chip stocks. On Wall Street the Nasdaq fell 5.52% in one day, and the Philadelphia Semiconductor Index collapsed 12.2%.
