Bloodbath in Asia as Markets Freefall
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Bloodbath in Asia as Markets Freefall
It feels like 1997 all over again in Asia. Japan down 10 percent, Australia down 7 percent and South Korea down 8 percent as markets around the world are gripped by recession fears. And the selling continues this grim Friday session.
The morning bloodbath in Asia follows Wall Street's 7 percent plunge Thursday, finishing below the key 9,000 level for its seventh straight day of losses, as coordinated interest rate cuts by the world's leading central banks did little to thaw the credit freeze and lift confidence in the financial sector.
The yen jumped to a three-year high against the euro and gained 3 percent against the battered Australian dollar as investors panicked about the sell-off in global stocks despite the array of official efforts to unfreeze credit markets.
http://www.cnbc.com/id/27106905
The morning bloodbath in Asia follows Wall Street's 7 percent plunge Thursday, finishing below the key 9,000 level for its seventh straight day of losses, as coordinated interest rate cuts by the world's leading central banks did little to thaw the credit freeze and lift confidence in the financial sector.
The yen jumped to a three-year high against the euro and gained 3 percent against the battered Australian dollar as investors panicked about the sell-off in global stocks despite the array of official efforts to unfreeze credit markets.
http://www.cnbc.com/id/27106905
As decisões fáceis podem fazer-nos parecer bons,mas tomar decisões difíceis e assumi-las faz-nos melhores.
- Mensagens: 1700
- Registado: 26/11/2004 23:00
- Localização: Belém-Lisboa
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