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Global Markets Update – November 9, 2007

November 9th, 2007

Asian Markets closed mixed today. All Ordinaries managed to close above the 6600 level and is up by 0.5%. Hang Seng is up 23 points, Jakarta Composite is up 29 points. Seoul Composite is up 10 points and Taiwan Weighted is up 33 points.

On the losers front are Shanghai Composite down by 14 points. KLSE Composite is down 11 points (Nov 7 ), NZSE 60 down by 50 points (Nov 8 ) and Staits Times is down 73 points. The biggest index loser today Nikkei 225 which fell by 188 points. Nikkei 225 closed at 15583 points

The Indian stock exchanges – Bombay Stock Exchange and the National Stock Exchanges are closed in view of Diwali festival and will have a short Muhurat Trading session today.

In the European Markets, MIBTel is down by over 450 points and Swiss Market is down by 110 points. Most European indices are trading in red. DAX however is in the green by about 30 points. Many of the European Markets are fearing about the Credit crisis by the banks. Rising Euro is viewed by the markets as a ‘currency dampens exports’.

Entry Filed under: Global Markets