Market Updates
World Markets Decline, U.S. Auto Worries
123jump.com Staff
12 Dec, 2008
New York City
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European markets traded sharply lower and Japan dropped more than 5% after the U.S. Senators failed to agree on need for a bailout for the auto makers. Japanese auto makers dropped on the worries that parts suppliers in the U.S. may not be able to survive and crimp their production abilities.
[R]9:30AM New York – World markets plunge after U.S. Senate fails to agree on a plan for the automakers.[/R]
Europe Markets Review
In London FTSE 100 Index traded lower 170.07 or 3.88% to 4,218.62, in Paris CAC 40 Index decreased 159.65 or 4.83% to 3,146.48 and in Frankfurt DAX index traded lower 217.88 or 4.57% to 4,549.32. In Zurich trading SMI decreased 185.50 or 3.24% to 5,544.35.
Asian Markets Review
The Nikkei 225 Index in Tokyo closed lower 484.68 or 5.56% to 8,235.87, Hang Seng index in Hong Kong decreased 855.51 or 5.48% closed to 14,758.39 CSI 300 index in China lower 85.96 or 4.20% closed to 1,960.38. ASX 200 index in Australia decreased 87.60 or 2.43% to close 3,510.40. The KL Composite index in Malaysia lower 8.41 or 0.98% closed to 852.27.
The Kospi Index in South Korea decreased 50.61 or 4.38% to close at 1,103.82. SET index in Thailand closed higher 0.18 or 0.04% to 424.79 and JSE Index in Indonesia decreased 53.73 or 4.08% to 1,262.97. The Sensex index in India increased 44.61 or 0.46% closed to 9,690.07.
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