Stock Markets

Jordan interest rate cut aims to prop up sinking stocks

Amman  - The Central Bank of Jordan on Monday cut the basic interest rate by 0.5 percentage points, to 6.25 per cent, in what analysts considered a late attempt to boost stocks at the Amman Stock Exchange.

In a parallel move, CBJ Governor Umayya Touqan said that the banks' compulsory cash ratio had been trimmed to 9 per cent from 10 per cent.

"The measures were taken in view of the declining inflation rate, which fell 2 percentage points at the end of October from a month earlier, as well as expectations of further falls in future," Touqan said.

Thai shares fall 2.87 per cent on political turmoil

Thai shares fall 2.87 per cent on political turmoilBangkok - Thai shares lost 2.87 per cent of their value Monday on the country's political unrest.

The Stock Exchange of Thailand (SET) index ended at 386.12, down 11.39 points or 2.87 per cent.

"The main factor is domestic politics," said Phuwadon Larpudomsuk, of Asia Plus Securities. "The market started off weak and got worse as the protests continued."

Singapore shares drop by 2.5 per cent

Singapore shares drop by 2.5 per centSingapore - Singapore share

China markets gloomy as rate cut fails to materialize

China markets gloomy as rate cut fails to materialize

Vietnam's stock market hits low as outlook worsens

Vietnam's stock market hits low as outlook worsensHanoi - Vietnam's stock market hit its lowest mark in nearly three years Monday as the country's economic outlook worsened.

The VN-Index today closed down 1.03 points, or 0.32 percent, at 317.9, the lowest level since February 2006.

"Local traders don't want to buy at this time as they see the global market continue to fall," said Phan Hong Quan, director of Eurocapital Securities in Hanoi. "They favour holding cash, waiting for signs that the market is rebounding."

Shares fall sharply in Seoul

Shares fall sharply in SeoulSeoul - Shares tumbled 3.4 per cent Monday on

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