Stock Markets

Indonesian stock market drops 4.7 per cent

Jakarta - Indonesian stock market plunged by 4.7 per cent Monday, sparked by falls of regional and international markets due to concerns about the US financial sector.

Wall Street chaos sends shares in Europe tumbling

Wall Street chaos sends shares in Europe tumblingFrankfurt - Share prices tumbled in early trading in Europe on Monday as markets reacted to the financial turmoil triggered by the demise of US investment bank Lehman Brothers.

Germany's blue-chip DAX fell 2.8 per cent, while the Paris bourse lost nearly 3.5 per cent and the London Stock Exchange was down more than 2 per cent. In nearly all cases banking shares were hardest hit.

Traders in Frankfurt said there was no panic on the German market, noting that the 30-share DAX recovered slightly to 6,059 after slumping to 6,050 at the opening.

Austrian stocks fall 3.9 per cent in aftermath of Lehman crisis

Vienna  - Shares traded on the Vienna stock exchange fell by 3.9 per cent in the first hour of trading Monday, following the news that the US investment bank Lehman Brothers was bankrupt.

Australian shares dive 1.7 per cent

Australian shares dive 1.7 per centSydney - Australian shares tumbl

Sensex down by over 700 points

Sensex down by over 700 pointsMumbai, Sept 15 : The Bombay Stock Exchange (BSE) benchmark Sensex fell by 772.62 points this morning following the U. S. investment bank Lehman Brothers filing for bankruptcy.

The Nifty of the National Stock Exchange also dipped below 4,000-mark by falling 242.40 points after banking stocks led by ICICI and HDFC Bank slipped sharply.

Realty stocks are among the worst hit. The Realty index has gone down by over 7 per cent. IT and power stocks have also plunged sharply by 5.25 per cent to 6 per cent.

Barclays says Lehman bid would not have served shareholders

Barclays says Lehman bid would not have served shareholdersLondon - Britain's Barclays bank, which had been among potential bidders for Lehman Brothers, said Monday it ruled out a bid which would not have been in the interest of shareholders.

In a statement in London, Barclays said, "We confirm that Barclays considered a combination with Lehman Brothers and did not proceed because it was not possible to conclude a transaction in the best interests of Barclays shareholders."

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