so. remeber yesterday when i said that japan's nikkei index was down 78% from its high 19 years ago?
Posted by
x (aka dmuck)
Oct 24 '08, 03:49
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well, you can make that upwards of 87% as of this morning.
"Stocks around the world plunged Friday, with Japan's benchmark Nikkei index suffering a nearly 10% drop, as fears of a global recession deepened.
U.S. futures, which give an indication of how markets will open when trading in New York begins, were sharply lower.
European shares sank in midday trading, with the FTSE 100 in London dropping 8.7% on a report that showed British gross domestic product declined by 0.5% in the third quarter.
Elsewhere in the region, the CAC-40 in Paris was down 9.2% and Frankfurt's DAX was 10.2% lower.
The falls in Europe tracked deep losses in Asia. Japan's Nikkei index dived 9.6%, dropping below 8,000 for the first time in more than five years, as the yen soared against the dollar and investors reacted to Sony's (SNE) slashed profit outlook.
In South Korea, the KOSPI Composite Index closed down 10.6% Friday, while the Hang Seng in Hong Kong declined 4.6%."
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