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Asian mkts shaken by Bhutto killing (The Economic Times 28th Dec 2007) Asian stocks fell on Friday as news of the assassination of Pakistani opposition leader Benazir Bhutto and fears over regional political turmoil triggered a flight to less risky assets such as bonds and gold. Investors fear that Bhutto's killing on Thursday at a political rally in Rawalpindi could spark instability in the region and civil unrest within Pakistan. More
Nikkei ends 2007 down 11%, first loss in 5 yrs (Live mint.com 28th Dec 2007) The Nikkei average ended 2007 with a loss for the year of 11% on Friday, its first fall in five years and making Tokyo the world’s worst-performing major stock market.
The market reached its high for the year in February but was overshadowed by booming markets and vibrant economies elsewhere in Asia and in recent months has been dogged by the US subprime problems and resultant credit crunch.
The year’s final trading day in Friday saw exporters such as Canon Inc among the main drags on the market, with investors discouraged by a firmer yen and worries about the subprime issues and the US economy’s outlook. More
FIIs' net sell Rs 4cr in F&O on Thursday (Business Standard 28th Dec 2007) The Foreign Institutional Investors (FIIs) were net sellers to the tune of Rs 3.56 crore in the futures & options segment on Thursday. More
Wall St slips on Bhutto killing; ADRs drop (Business Standard 28th Dec 2007) The Wall Street slipped yesterday amid fears of global unrest following the assassination of the former Pakistan Prime Minister Benazir Bhutto. The Dow Jones industrial average slumped 192 points to 13,360. The Nasdaq plunged 48 points to 2677. More
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