When China sneezes, we get the cold

Dow Tumbles 3.3% in Biggest Loss Since '03

By DAVID CHO and TOMOEH MURAKAMI TSE
Washington Post Staff Writers

Filed 2.28.07

A plunge in Chinese stocks rippled across global markets yesterday, triggering a massive wave of selling in the United States that sent the Dow Jones industrial average down 3.3 percent, or 416 points, its biggest decline since March 2003.

The news from Asia sparked the initial sell-off, but a confluence of other events, including news of rising real estate loan delinquencies, a surprisingly weak manufacturing report and a bombing near Vice President Cheney in Afghanistan, made an already difficult day worse.

(Click & Read on courtesy The Washington Post)

Artwork: "The 1929 Crash" courtesy of on-line stock