World Economy at Muncie Free Press - Delaware County Indiana | News and Information
Global Markets Plunge
Voice of America
WASHINGTON, DC - U.S. stocks opened sharply lower, mirroring losses in Europe, Asia, and much of the developing world. In New York, the Dow Jones Industrial average crossed below an important psychological floor, the 10,000 mark, for the first time since October, 2004. The Dow was more than four percent lower in early trading. It has lost about a quarter of its value this year.
Asia Stocks Fall in Response to US Bank Rescue
Voice of America
BANGKOK, CHINA - Nervous investors fled markets Monday in Asia. Hong Kong's key Hang Seng Index closed down five percent while Tokyo's benchmark Nikkei 225 index fell to its lowest closing level since February 2004 at 10,473 points. Indonesia's stock market plunged 10 percent, the steepest single day decline on record.
