Because of new concerns that the global economy faces an extended downturn, worldwide shares have fallen sharply.
In the US, Dow Jones index closed Tuesday 177 points or 2% down to 8,694 and it was mainly due to poor results overnight from Starbucks.
Continuing fears over General Motors future also hit US investors confidence. Similarly, European and Asian shares also fell.
Oil prices, declining to 20-month lows, also kept falling.
On Tuesday trading, US light crude ended down $3.08 to $59.33 a barrel and it was the lowest price since March 2007. The demand of oil continued to fall due to slowing economy.
