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Global markets meltdown continues for the second day

January 22nd, 2008

Its chaos everywhere. Asia, Africa and the Europe. Almost all stock exchanges across the globe have either closed deep in the red or trading in the red today. The European Markets in the red too but are trading cautiously waiting for the US markets to open.

The Indian Stock Markets – the Bombay Stock Exchange and the National Stock Exchange are put to a halt for an hour early in the morning just as the stock exchanges were opened. Heavy selling is seen across the region. Hang Seng was the worst reporting a change of 8.65% downwards followed closely by All Ordinaries, Shanghai Composite that are down by over 7.2%.

At the African Middle East, the Tel Aviv TASE 100 is down 31.87 points or 2.96%. Meanwhile the European Markets, though in the red, are trading cautiously and are eagerly waiting for the US Markets to open. It may be recalled US markets are having a Monday morning yesterday. Meanwhile, the European major stock markets are trading in the red. ATX, DAX are down by 2.3%. FTSE and Swiss Markets marginally down at the moment.

Entry Filed under: Equity Markets, Global Markets