Worldwide Stock Markets Collapse

October 7th, 2008 By: Michael van der Galien | Tags:
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With all the stuff (read mudslinging) going on in the United States one would almost forget that the world as a whole is facing a tremendous economic crisis. Lest it will be completely forgotten, here an update about the mess: world stock markets collapsed on Monday, despite the U.S. Congress’ approval of the so-called bailout plan.

For the first time in four years, the Down Jones (American stock market) fell below the 10,000 points. It fell 800 points maximum on Monday, but closed ‘only’ 350 points less. 264 stocks rose on the NYSE—and 2,986 dropped. This means investors are massively getting rid of their stocks, implying they fear for a complete collapse of the stock market.

Meanwhile, in Asia, the Nikkei 225 closed 4.25 percent lower. Europe’s stock markets also declined, with the FTSE-100 down 5.77 percent, Germany’s DAX down 7.07 percent, and France’s CAC-40 down 9.04 percent.

More:

Australia’s ASX 100: -3.18%

Hong Kong, Hang Seng: -4.97%

Belgium, Bel20:-6.87%

Netherlands, AEX: -9.14%

Global stock markets indicate that we are all in for a very rough ride indeed. This despite the bailout, which was supposed to bring confidence to investors.

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  1. UFONDU EMEKA FRANK
    October 8th, 2008 at 20:12
    Reply | Quote | #1

    I DON’T HAVE MUCH COMMENTS,I ONLY WANT TO KNOW IF ARE WE GOING TO RECOVER FROM ALL THIS LOSS OF MONEY.THANKS.          FROM NIGERIA.

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