Stock Markets

Nikkei falls below 11,000 level after Wall Street plunges

Nikkei falls below 11,000 level after Wall Street plungesTokyo - Japan's key Nikkei 225 Stock Average fell below the 11,000-point-mark Friday hitting the lowest since May 2005 following overnight plunges on the Wall Street.

The benchmark Nikkei index ended the morning trading at 10,996.98, down 157.78 points, or 1.41 per cent.

The broader Topix index of all first-section issues also fell 25.09 points, or 2.33 per cent, to 1,051.88.

Investors bail out of Australian stocks

Investors bail out of Australian stocksSydney - Australian stoc

Businesses, the retired, mount giant push for finance rescue vote

Businesses, the retired, mount giant push for finance rescue vote Washington - US legislators were hearing a changed tune on on Thursday as business and retired communities made a desperate last -minute push for final approval of a sweetened US financial rescue by the House of Representatives on Friday.

Business leaders met with US President George W Bush Friday morning at the White House, while the US Chamber of Commerce made an urgent appeal on its website for members to contact their legislators "and urge them to support this vital piece of legislation."

Positive remarks given by SEBI and Finance minister raises Sensex

On Tuesday, Finance Minister P. Chidamabram and the Securities and Exchange Positive remarks given by SEBI and Finance minister raises Sensex Board of India (SEBI) made efforts to relax investors who had been filled with tensions after the lawmakers rejected the much-awaited mega rescue package for bad mortgage debts in the U.S. Following the efforts made by Finance Minster and SEBI, the Bombay Stock Exchange 30-share sensitive index (Sensex) hiked up by 264 points, in spite of the challenging global trends.  

Australian stocks dither despite US rescue

Australian stocks dither despite US rescueSydney - Australian stocks ended a topsy-turvy session marginally lower Thursday despite the news that the US Senate had approved a bail-out package for Wall Street.

The ASX200 slipped 33 points, or 0.6 per cent, to 4,761.

"Resources had a great rally yesterday, and they are giving back some of those gains today with BHP Billiton down and Rio Tinto down 4 per cent," analyst James Waggett of Bell Potter Securities said Thursday.

Japan markets fall on uncertainty over US bail-out package

Japan markets fall on uncertainty over US bail-out packageTokyo - Japanese stocks fell Thursday as investors sold mainly export-oriented issues while uncertainties spread over the US government's bail-out package that passed the Senate earlier in the day.

The benchmark Nikkei 225 Stock Average sank 213.5 points, or 1.88 per cent, to close at 11,154.76.

The broader Topix index of all first-section issues also sagged 24.16 points, or 2.19 per cent, to 1,076.97.

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