Stock Markets

Singapore stocks drop 3.1 per cent

Singapore stocks drop 3.1 per centSingapore - Singapore share prices slid Thursday, reflecting a gloomy economic outlook and the regional downward trend.

The Straits Times Index fell 3.1 per cent, or 51.64 points, to close at 1,613.95.

Trading volume on the Singapore Exchange was thin, totaling 950.5 million shares. The exchange closed the day with 324 losers and 140 gainers.

Singapore shares have been under pressure all this week as the city-state's and regional corporations try to weather the impact of the global financial crisis, economists said.

Indonesian stocks drop more than 2 per cent

Indonesian stocks drop more than 2 per centJakart

Hong Kong shares track Wall Street, falling by more than 4 per cent

Hong Kong stock marketHong Kong - Hong Kong stocks fell 4.04 per cent Thursday, joining a regional downward spiral in share prices after heavy overnight losses on Wall Street.

The blue-chip Hang Seng Index closed at 12,298, down 517 points. Turnover was 44.6 billion Hong Kong dollars (5.75 billion US dollars).

At one point, the index fell more than 6 per cent and threatened to close below 12,000; however, it bounced back slightly in later trading to stay above that barrier.

New record low for Dutch AEX index

New record low for Dutch AEX indexAmsterdam - The main AEX index on the Amsterdam stock exchange opened at this year's absolute low of 231.09 Thursday, down 2.9 per cent from the previous day's closing figure.

The previous low of 231.50 was reached in October.

By 9:30 am (0830 GMT), the AEX demonstrated little change and stood at 231.53, a loss of 2.77 per cent compared to closing time Wednesday, when the AEX had lost 5 per cent.

Shares fall sharply in Seoul

Shares fall sharply in SeoulSeoul - Shares crashed Thursday on the Seoul sto

India's Sensex plunges nearly 5 per cent

India's Sensex plunges nearly 5 per centNew Delhi - India's benchmark Sensex fell by 4.84 per cent in early trade on Thursday, extending its losses for the seventh straight session on heavy selling by funds and investors tracking weak global cues.

The 30-share-sensitive index of the Bombay Stock Exchange which has lost over 1,750 points over the last six sessions, fell by another 424.56 points to 8,349.22 after 90 minutes of trading up to 11:40 am (0610GMT).

Pages