Stock Markets

Financial panic in Latin America, trading suspended in Sao Paulo

Financial panic in Latin America, trading suspended in Sao Paulo Sao Paulo - The global financial crisis unleashed panic Monday in the stock exchange in Sao Paulo: just 18 minutes after the starting bell in the largest stock exchange in Latin America, trading was suspended after the leading index Bovespa fell over 10 per cent.

When trading resumed, stocks continued to fall in relation to the previous day's closing, and trading had to be suspended again, this time for an hour.

Financials drop most at Dutch AEX index

Amsterdam  - For the second week in a row, the main index of the Amsterdam stock exchange AEX dropped dramatically on Monday morning. By 10:42 am (0842 GMT) the index had lost
5.83 per cent and stood at 323.97 points, with some analysts speaking of a "blood bath."

There was no stock posting any gains in the morning, with Financial firms losing out most.

Leading the list of companies who saw their stock value drop was insurer Aegon (down 20.37 per cent), followed by bank and insurance company ING Group (down 10.92 per cent).

There was no trade in shares of Fortis NV. On Friday, the Dutch government nationalized the Dutch division of the former Belgian- Dutch bank and insurance giant.

Sensex hovers around 12,000, lowest in two years

Financials drop most at Dutch AEX index

Amsterdam  - For the second week in a row, the main index of the Amsterdam stock exchange AEX dropped dramatically on Monday morning. By 10:42 am (0842 GMT) the index had lost 5.83 per cent and stood at 323.97 points, with some analysts speaking of a "blood bath."

There was no stock posting any gains in the morning, with Financial firms losing out most.

Leading the list of companies who saw their stock value drop was insurer Aegon (down 20.37 per cent), followed by bank and insurance company ING Group (down 10.92 per cent).

There was no trade in shares of Fortis NV. On Friday, the Dutch government nationalized the Dutch division of the former Belgian- Dutch bank and insurance giant.

Indonesian stocks plunge 10 per cent

Jakarta  - The Indonesian stock market plunged by 10.02 per cent Monday, sparked by falls of regional and international markets as investors feared the US bail-out would fail to resolve the financi

Banks lead fall as Shanghai shares lose 5 per cent

Beijing  - Banks lead fall as Shanghai shares lose 5 per centShares on China's main stock market lost more than 5 per cent of their value on Monday, dragged down by banking stocks, on the first day of trading after the one-week National Day holiday.

The key Shanghai Composite Index, which tracks shares traded in local and foreign currencies, fell by 120.05 points, or 5.23 per cent, to end the day at 2,173.74.

The smaller Shenzhen Component Index also lost about 4.5 per cent of its value on Monday.

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