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European, Asian markets slide on banking worries
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by gonzo | October 5, 2008 at 11:24 pm
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Overnight, Asian markets dropped and the big European markets plummeting just minutes after opening. The drops were widely expected following a weekend where European leaders met to stem the growing, global financial crisis. Here is what happened in Asia last night.
Key shares indexes lost 3% or more - with European markets also forecast to see heavy losses.
Japan's Nikkei index fell 4.2% while Hong Kong's Hang Seng index slid 3.4%. Markets in mainland China, Australia, South and India also fell sharply.
The falls came in the first trading session since the US approved a $700bn bank bail-out.
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Most RecentMost Recommended Comments (3)
at 23:29 on October 5th, 2008
US futures are down about 2% on the opening of European exchanges.
at 23:31 on October 5th, 2008
Oil is also plummeting.
at 23:33 on October 5th, 2008
Thanks very much for your post. It should go to Tech & Biz channel. I am going to shift it to that Channel.