The US stocks continued to fall on a sixth consecutive day. The Dow Jones Industrial Average dropped 189.01 points (2.00 percent) and closed at 9,258.10. The Dow Jones has witnessed a downfall of 30 percent so far. The shares of Bank of America dropped to 7 percent after selling shares at a discount. The largest US aluminum producer, Alcoa also witnessed a decline of 12 percent in its stocks.
The Indian stock market crashed on Friday (Oct 10) by losing more than 800 points at close.
The markets remained under huge pressure throughout the day because of turmoil in worldwide markets. Sharp fall in rupee and poor IIP numbers also dragged the Sensex down.
Technology giant Infosys was down despite better-than-expected quarterly figures.
RBI and government are taking all possible steps to improve liquidity situation in the Indian market.
Washington - President George W Bush sought to assure the world that the US government was doing all it could to keep the world's largest economy afloat as global stocks were in free-fall on Friday.
Bush said a "startling" drop in US stocks in the last few days was being "driven by uncertainty and fear," and insisted the US already had all the tools necessary to resolve the financial crisis.
Sao Paulo - Trading was suspended Friday on the Sao Paulo Stock Exchange, after the leading index Bovespa plunged more than 10 per cent about an hour after opening.
The 10.1 per cent drop in share prices recorded at 10:35 am (1335 GMT) activated an automatic circuit breaker, triggered when stocks drop below a certain level and automatically suspending trading for half an hour.
On Friday morning, the Bovespa index - which had neared 74,000 in May - was on 33,308.08.
Karachi- Pakistan's main Karachi bourse on Friday reluctantly decided to unfreeze itself by October 27 only if the government fixes a cap on interest rates on loans taken by top brokers, sources said.
"The decision to unfreeze is only tentative. We are watching the government to see if it will inject money into the market and put a cap on interest rates," Akeel Karim Dhedhi, chairman of local giant AKD Securities told Deutsche Presse-Agentur dpa.
Washington- US stocks dropped sharply within minutes of opening on Wall Street Friday, but rallied just as quickly amid widespread uncertainty over the state of the US economy.
The Dow Jones Industrial Average plunged more than 600 points, briefly falling below 8,000 points, before paring nearly two-thirds of those losses. The blue-chip Dow was back to a less than
800 points at close. 
Washington - President George W Bush sought to assure the world that the US government was doing all it could to keep the world's largest economy afloat as global stocks were in free-fall on Friday.
Karachi- Pakistan's main Karachi bourse on Friday reluctantly decided to unfreeze itself by October 27 only if the government fixes a cap on interest rates on loans taken by top brokers, sources said.
Washington- US stocks dropped sharply within minutes of opening on Wall Street Friday, but rallied just as quickly amid widespread uncertainty over the state of the US economy.
