Stock markets have been continuing to slide in Asia amid deepening concerns over a global financial crisis and despite US and European efforts to calm the markets.
Japan's Nikkei index dropped more than five percent shortly after the opening of this Tuesday's trading session, before bouncing back somewhat. This took the Nikkei below the 10,000 point mark for the first time in five years. A bold move by Australia's central bank spurred some markets to bit of a recovery. The Reserve Bank of Australia cut a full percentage point off of its key interest rate. Australia's benchmark SЯamp;P/ASX 200 index jumped by just over two percent Asian shares down after US deal ...
Asian markets reel over Lehman collapse ...
Calzaghe calls off Jones Jr bout ... as did Singapore's Straits Times index. In New York on Monday, the Dow Jones index fell below 10,000 points for the first time in four years. Germany's DAX, was among a number of European indices to lose at least seven percent of its value. In London the FTSE fell to its lowest level since 1987.
(Deutsche Welle)
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