- Prison Planet.com - http://www.prisonplanet.com -
Stocks Plunge On Recession Fears
Posted By admin On October 23, 2008 @ 3:43 am In Money Watch | Comments Disabled
SKY News 
Thursday, Oct 23, 2008
Shares have plunged in Asia on growing fears of a global recession.
Japan’s Nikkei tumbled more than 7% at one point, hitting levels last seen in May 2003.
It recovered some of the losses to end down 2.46 percent amid hopes of a bounce on Wall Street later in the day.
In London, the FTSE 100 index of leading shares market fell on opening before moving into positive territory.
The South Korean market closed down 7.4%.
Share prices in Hong Kong and Australia were also down as the first markets opened following Wednesday’s mass sell-off on Wall Street.
(Article continues below)
The Dow Jones industrial index closed down 5.6% as the continued pressures of the credit crunch sparked panic-selling.
News that world leaders are to meet next month to discuss the global financial crisis failed to halt a plunge that began early on Wednesday and accelerated in late US trading.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/stocks-plunge-on-recession-fears.html
URLs in this post:
 SKY News : http://uk.news.yahoo.com/5/20081023/twl-stocks-plunge-on-recession-fears-3fd0ae9.html
 Image: http://www.prisonplanet.tv/subscribe.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.