Warning: mktime() expects parameter 4 to be long, string given in /home3/jump/public_html/market-update-archive_t.htm on line 116
Warning: mktime() expects parameter 4 to be long, string given in /home3/jump/public_html/market-update-archive_t.htm on line 117
HK Stocks Fall 19% in the Quarter
Sep 30, 5:52 PM ET |
|
| China markets recovered from earlier losses in the day and managed to close higher. The HKMA added liquidity to the system and issued revised guidelines for collateral requirements from Monday. Banks closed higher in trading. Shipping companies fell as freight index declined. |
|
|
Full Story... |
Sensex Leads Asian Markets
Sep 30, 5:46 PM ET |
|
| Stocks in India recovered from earlier loss as investors focus on domestic economy. Sensex gain leads the regional markets trading. India current account deficit rose to nearly $11 billion as crude oil import bill surges. ICICI Bank rebounded in a volatile trading. |
|
|
Full Story... |
Australia Follwows U.S. Losses
Sep 30, 4:19 PM ET |
|
| Australian stocks sharply lower after historic losses in the U.S. market indexes. Australia added liquidity in the system in coordination with the central banks in Europe and the U.S. Of the stocks in ASX index, 158 declined. Australian dollar fell against the U.S. dollar and crude oil dropped 10%. |
|
|
Full Story... |
U.S. Plunges 7%, Gold Shines 4%, Oil Down 10%
Sep 29, 6:03 PM ET |
|
| U.S. stocks dive after the House defeated bailout plan unpopular with voters. The Senate votes on the proposal on Wednesday. Nervous stock markets plunged more than 7% in the U.S., Canada and Brazil. Oil plunges 8% to $96 a barrel. Gold increases 4% to $930 an ounce. |
|
|
Full Story... |
U.S. House Defeats Bush Bailout Plan
Sep 29, 6:07 PM ET |
|
| The U.S. House in a rebuke to the President defeated the bailout plan by a vote of 228 to 205. The frustrated House members are worried that the plan will not save the U.S. economy from sliding into a recession and saddle the nation with a huge debt. Stock market indexes plunged between 7% and 9%. |
|
|
Full Story... |
Central Banks Pump $620 B
Sep 29, 11:58 AM ET |
|
| The Fed in conjunction with eight other central banks in Europe and Asia pumped more liquidity in the market. The revised action will make available $620 billion in dollar liquidity in Europe and will also carry more short term lending auctions. |
|
|
Full Story... |
Citi Acquires Wachovia, FDIC Shares Risk
Sep 29, 5:32 PM ET |
|
| After intense discussions this morning between Fed regulators, the FDIC, and Treasury Secretary and the Board of Governors Citigroup agreed to acquire Wachovia Corp for $2.16 billion. The FDIC will get $12 billion of preferred stock in Citi for bearing any risk to portfolio beyond $42 billion. |
|
|
Full Story... |
Bradford Bingley Seizure; FTSE Down 5%
Sep 29, 11:30 PM ET |
|
| Bradford Bingley, the troubled mortgage lender was seized by the UK Treasury and sold to Abbey National for £612 million. In addition, the governments of Benelux were forced to inject 11.2 billion in troubled bank Fortis. The fourth largest U.S. bank, Wachovia was forced in a merger with Citigroup. |
|
|
Full Story... |
Japan Retail Sales Rise; Tokyo Down 5%
Sep 29, 8:59 PM ET |
|
| Stocks in Japan in Tuesday trading dropped 5% after benchmark index lost 1.3% on Monday. Finanicals, commodities and shipping lines led the decliners in trading on Monday. The U.S. House voted down the bailout proposal of $700 billion. The U.S. stocks plunged 7% after the stunning defeat. |
|
|
Full Story... |
Hong Kong Stocks Plunge 4%
Sep 29, 9:11 PM ET |
|
| Stocks in Hong Kong plunged after investors worried that the widening credit market crisis in the U.S. may slowdown Chinese exports. China suspended iron ore imports from Brazil, after miner Vale raised prices by 11%. Sun Hung Kai dropped 5% after HSBC raised mortgage rates. |
|
|
Full Story... |
|
|
