On Wednesday, Wall street crashed for the second straight day giving rise to the possibility of this week being the worst week for Wall Street this year. FedEx Corp, earlier in the day, warned that the weakening demand and the zooming fuel costs might have a deep negative impact on the profits of the company, this year. Following this warning, bearish sentiments took over and across the board selling was witnessed in Wall Street and in the European markets. With the Asian markets set to open in a few hours time, they are likely to take the cue from Wall Street and a sell off is expected to be seen in most Asian markets as well. More updates on the asian markets as well as the Wall Street will follow shortly.

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