Taipei - Taiwan stocks slumped 4.5 per cent Tuesday to hit their lowest level in 52 weeks, weighed down by Wall Street's overnight fall and the local financial sector's exposure to troubled US mor
On Monday, the Japanese government bond futures saw a fall, which led to its thinning further from a two month high. After the US government put forward the decision to support the mortgage lenders, the Tokyo shares rose and Treasuries fell.
The troubled mortgage giants Fannie Mae and Freddie Mac on Sunday were offered help by the U.S. Treasury and Federal Reserve when the latter two offered its emergency cash to the former two. The U.S. Treasury and Federal Reserve said that to build the investors confidence, they will buy shares in the companies.
Indian stock markets opened flat on Monday and NSE Nifty touched an intraday high of 4072 till 11.30 am. NSE Nifty touched an intraday low of 4004. At 11.40 am, stock markets were trading flat.