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Nikkei drops 9.4 percent on fears of a global slowdown
Nikkei drops 9.4 percent on fears of a global slowdown
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Nikkei drops 9.4 percent on fears of a global slowdown
Asian stocks closed sharply lower Wednesday with Japan's benchmark index losing 9.4%, the worst single-day percentage drop since 1987, as the global credit crisis deepens. Stocks in Europe were tumbling and stock futures in the U.S. were indicating a lower opening. Japan's Nikkei 225 Average closed down 952.58 points to 9,203.32, its lowest finish since November 2003. Toyota Motor (Cramer More.. on Stock Picks) fell almost 12% on a Nikkei newspaper report that the company's operating profit for the fiscal year is expected to decline 40% from an earlier forecast. Less..
Channel: LiveLeak
Category: Government
Video Length: 0
Date Found: October 29, 2008
Date Produced: October 08, 2008
View Count: 3
 
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