Tuesday, September 30, 2008

Asian markets in turmoil after bail-out failure...

Asian and Pacific stock markets tumbled in early trading on Tuesday after the U.S. House of Representatives failed to adopt a Wall Street bailout measure, triggering the largest point drop in U.S. market history.

Japan's Nikkei index dropped more than 550 points to 11,183.71 in the first 45 minutes of trading, while the Australian Securities Exchange fell more than 240 points to 4,560.9. 

South Korea's KOSPI dropped more than 120 points to 2,918.9.
Asian markets reacted to the U.S. Dow, which plunged 777 points at closing, or just under 7 percent, in the worst single-day point loss ever, topping even the loss after the September 11, 2001, terrorist attacks.


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