News > World shares extend losses as recession looms 

World shares extend losses as recession looms 

As Chinese markets logging moderate losses after reopening from a week-long holiday. Shares fell in Hong Kong, Shanghai, Paris and London. Markets in Tokyo were closed for a holiday.

The declines followed to dismal end to the week on Wall Street as reports added to worries the Federal Reserve might consider the higher-than-expected hiring data as proof the economy hasn't slowed enough to get inflation in control.