Stock markets fell Tuesday as investors worried that headwinds are gathering for the 鲍厂听别肠辞苍辞尘测, outweighing hopes that recent weak data would prompt the Federal Reserve to start cutting interest rates.
In Asia, Indian stocks tumbled as it appeared India鈥檚 prime minister Narendra Modi would not win as big an election victory as expected.
Mumbai tumbled more than seven per cent at one point as Modi鈥檚 Bharatiya Janata Party looked set to win India鈥檚 national elections but not with the landslide initially expected.
The Sensex had jumped more than three per cent Monday on hopes a big majority would help Modi push through聽economy-boosting measures.