Thursday, Jun 27, 2002
Thursday, Jun 27, 2002 |
| Business | ||
|
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Advts: Classifieds | Employment | Obituary | Business
Across the 12-nation euro zone, the Euro Stoxx 50 index plunged 3.7 per cent to 2,897.3. The French CAC 40 index was 3.6 per cent lower at 3,630.9, while the German DAX 30 index slumped 3.8 per cent to 4,042.6, and Britain's FTSE 100 index shed 2.8 per cent of its value to stand at 4,499.6. Earlier in Asia, Tokyo shares fell 4 per cent today, the Hong Kong market was down 2.7 per cent, while the market in Seoul suffered its worst fall since the aftermath of the September 11 terrorist attacks in the U.S. The slide came after U.S. stocks reversed earlier gains to end yesterday's session sharply lower, with the Dow Jones falling 1.7 per cent and the tech-rich Nasdaq down a whopping 2.5 per cent. And with the WorldCom revelations coming after the closing bell, U.S. stocks were expected to take another pounding when trading got underway. "This is capitulation,'' said Bank of America strategist Robert Kerr, who believed it was now only a matter of time before the markets broke through last September's lows. — AFP
Send this article to Friends by E-Mail
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|