GetPaidIndia.com

Asian markets close mixed, European markets takes a positive Friday morning

October 17th, 2008

Most of the Asian markets opened the day in the red but soon recovered. While few indices have corrected by over 3% today, the Nikkei 225 stood out up 2.78%. The European markets are trading in the green with the regulators stepping in with stricter norms.

The Shanghai Composite, Nikkei 225 and the NZSE 50 closed the day in the green while all other major indices closed in the red. The Hang Seng is down 4.44%. The BSE 30 is down 5.73%. The Jakarta Composite is down 4.36%. The South Korean authorities have stepped to defend their makets. The Indian National Stock Exchanse index CNX 100 is down 5.62% today. The CNX IT is down 5.61% and the Bank Nifty is down 5.44%

The European markets are having a reasonably better Friday morning. The CAC 40, DAX are up over 2%. The Swiss Market is up 4.43%. The rest of the markets are in the green except for the ATX which is down 3.15%

1 U.S. dollar = 48.5295 Indian Rupees
1 U.S. dollar = 100.9896 Japanese Yens
1 U.S. dollar = 0.7442 Euros
1 Ounce Gold = $786.50

Friday, October 17, 2008 5:34:22 PM IST

Entry Filed under: Global Markets