New York - US stocks continued dropping through Wednesday, hit by the largest drop of retail sales in three years, growing worry over a US recession and a record federal budget deficit.
The three major US indices shed more than 5 per cent each by 1845 GMT, with the negative momentum dragging down Europe's markets, where Europe's blue-chip Stoxx50 closed 5 per cent down.
US Federal Reserve chief Ben Bernanke warned that the emergency action taken by the Bush administration in response to the financial crisis is unlikely to produce a swift economic recovery.
Amman - Arab stock markets plummeted on Wednesday after two days of strong gains, apparently in response to declines at the Wall Street and Asian markets and fears that a world recession has already ushered in, financial analysts said.
The only exception was the Saudi stock exchange, which closed slightly in the green after violent fluctuations.
New York - US stocks continued their decline at opening bell Wednesday, hit by the largest drop of retail sales in three years and growing worry over a US recession.
The president of the Federal Reserve Bank of San Francisco, Janet Yellen, said late Tuesday that the US is already in a recession and that the job of the central bank is to "mitigate the dark scenario on the downside risk."
Mumbai, Oct 15 : Equities plunged on Wednesday as sentiments turned bearish after global markets declined on recessionary concerns.
All the sectoral indices closed in the red led by losses in capital goods and metals stocks.
Bombay Stock Exchange’s Sensex closed at 10,809.12, down 674.28 points. It touched an intra-day low of 10,760.33 and a high of 11,257.15.
National Stock Exchange’s Nifty ended at 3338.40, down 5.12 per cent or 180.25 points. The broader index touched a low of 3,324.55 and a high of 3,518.50.
Tokyo - The Tokyo stock market slipped in early trading Thursday after Wall Street's blue-chip Dow Jones industrials los
New York - US stocks continued dropping through Wednesday, hit by the largest drop of retail sales in three years, growing worry over a US recession and a record federal budget deficit.
Amman - Arab stock markets plummeted on Wednesday after two days of strong gains, apparently in response to declines at the Wall Street and Asian markets and fears that a world recession has already ushered in, financial analysts said.
New York - US stocks continued their decline at opening bell Wednesday, hit by the largest drop of retail sales in three years and growing worry over a US recession.
London - The London stock market retreated Wednesday after tw
Mumbai, Oct 15 : Equities plunged on Wednesday as sentiments turned bearish after global markets declined on recessionary concerns.
