World

Global market Plundered..Euro Shares Nose Dive 4%

by pankaj kumar | October 6, 2008 at 12:20 am

43 views | 2 Recommendations | 1 comment

Global capital market plundered by getting the europian poison spreading china,india,japan,hongkong,maxico,brazil,russiaand meny more dipped by 5 to 7%.

European shares plunged 4 percent in early trade on Monday, with concerns about the health of the financial sector intensifying over the weekend as more banks faced troubles.

A $700 billion package to rescue the U.S. financial sector, passed by the U.S. House of Representatives on its second try on Friday and signed by President George W. Bush into law, also failed to cheer investors.

The FTSEurofirst 300 index of top European shares fell 4.2 percent to 1,044.16 points.