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Asian and European Markets Start New Year on Wrong Foot

Jan 02, 2019 - The New York Times

HONG KONG — Investors hoping for a fresh start in 2019 could be in for a disappointment.

Markets in Asia sank on Wednesday, the first full trading day of the year, after weak economic data from China reminded investors of the softening outlook for the global economy. The pessimism continued in Europe, where markets opened down across the board.

The CAC 40 in France fell 2.3 percent at the open, although it had inched back its loss to 1.7 percent by late morning. The Dax in Germany ...