Tuesday, January 22, 2008

ASIAN MARKETS TUMBLING ON USA WOES


Markets in Asia are having a gloomy trading week, with shares in Japan, Hong Kong,Australia, India and Shanghai dipping sharply as investors gave a thumbs down to a US government plan to revive the troubled US economy. Australia's markets also lost nearly 7% by the end of trading day. In India's financial capital, Mumbai, trading was temporarily halted when the market nosedived almost 10 per cent on opening - a day after recording its sharpest one day fall ever.



DOW 12,099.30
- 59.91

NASDAQ 2,340.02unch

S&P 1,325.19unch


Tokyo Nikkei 225 -5.65%
Hong Kong Hang Seng -8.7%
Shanghai Comp. -7.2%
Seoul Kospi -4.4%
Taipei Taiex -6.51%
Sydney S&P/ASX200 -7.1%

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