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Global stock market freefall continues....A downer Monday morning in Asia

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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 08:02 PM
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Global stock market freefall continues....A downer Monday morning in Asia
from MarketWatch:



Asian markets extend slump in early trading

By V. Phani Kumar
Last update: 8:28 p.m. EDT Oct. 5, 2008

HONG KONG (MarketWatch) -- Asian markets extended losses early Monday amid concerns about the global financial crisis, with Japanese shares down sharply on banks such as Mitsubishi UFJ Financial Group and exporters like Sony Corp. In Tokyo, the Nikkei 225 Average slumped 2.7% to 10,638.41, taking losses into a third straight session, and the broader Topix index fell 2.8% to 1,019.06. Australia's S&P/ASX 200 shed 1.9% to 4,604.50, and South Korea's Kospi lost 2.6% to 1,382.34, while New Zealand's NZX 50 index dropped 2.2% to 3,081.48.


http://www.marketwatch.com/news/story/asian-markets-extend-slump-early-trading/story.aspx?guid=%7B0E322542%2D977F%2D412D%2D9DE0%2D57E84EAA4C51%7D&dist=hplatest
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TexasObserver Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 08:55 PM
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1. Didn't they hear about the bailout bill passing?!
They should read all the drivel, I mean, the explanations, all the bailout advocates here posted.

Apparently, no one told the Asian markets that the bailout FIXED the credit crunch!!

I can hardly wait to hear the excuses on Monday.
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MadrasT Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-05-08 09:20 PM
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2. Nosedive in progress...
http://finance.yahoo.com/intlindices?e=asia
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