Stock Markets

Hong Kong shares slump 5 per cent as rebound fizzles out

Hong Kong - Hong Kong shares fell by almost 5 per cent Wednesday as a rebound triggered by optimism over the global bank bail-outs began to fizzle out.

The Hang Seng Index lost 834.58 points, or 4.96 per cent, to end the day back below the 16,000 barrier at 15,998.3. Turnover was 52 billion Hong Kong dollars (6.7 billion US dollars).

The heavy losses ended two consecutive days of gains on the blue-chip index which rallied by 3 per cent Tuesday and more than 10 per cent Monday.

Analysts warned ahead of Wednesday's losses that the apparently bright start to the week amounted to a technical rebound only and that a prolonged rally was unlikely.

Negative mood persists on Amsterdam AEX, shares drop 3.7 per cent

Amsterdam - The negative mood on the Amsterdam stock exchange persisted on Wednesday. By 13:30 pm (1130 GMT) the main index AEX stood at 273.97 points (down 3.70 per cent).

Hong Kong shares slump 5 per cent as rebound fizzles out

Hong Kong - Hong Kong shares fell by almost 5 per cent Wednesday as a rebound triggered by optimism over the global bank bail-outs began to fizzle out.

The Hang Seng Index lost 834.58 points, or 4.96 per cent, to end the day back below the 16,000 barrier at 15,998.3. Turnover was 52 billion Hong Kong dollars (6.7 billion US dollars).

The heavy losses ended two consecutive days of gains on the blue-chip index which rallied by 3 per cent Tuesday and more than 10 per cent Monday.

Analysts warned ahead of Wednesday's losses that the apparently bright start to the week amounted to a technical rebound only and that a prolonged rally was unlikely.

Shares fall 2 per cent in Seoul

Shares fall 2 per cent in SeoulSeoul - Shares were down sharply Wedne

European shares open down as recession fears resurface

Frankfurt - A downbeat end to share trading in Wall Street and across Asia, resulted in a weak start to stocks in Europe Wednesday as recession fears resurfaced.

Sensex Below 11K; Plummets 516.70 Pts

Sensex Below 11K; Plummets 516.70 PtsAfter two successive days of strong gains, Indian equities plummeted into the negative terrain in today’s session on fears of slowdown in the financial system.

Indian equities continued to trade weak due to heavy selling action seen across board. 

All the sectoral indices were hammered badly.

BSE Midcap and Smallcap index declined more than 4% each.

Today, the 30-share index BSE Sensex started the day with a loss of 238.13 points, at 11,245.27 on Wednesday. 

Pages