Stock Markets

Tuesday sees another painful session on Baltic markets

Baltic markets still shaky, but investors starting to returnRiga - Prices tumbled again on Baltic stock markets Tuesday with the Baltic Benchmark Index (BBI), combining data from the Tallinn, Riga and Vilnius exchanges, closing down 3.2 per cent at 270.22.

The NASDAQ OMX Tallinn exchange in Estonia fell 3.22 per cent, the Vilnius exchange in Lithuania slipped 2.74 per cent and the Riga exchange in Latvia eased by 1.37 per cent.

Arab bourses dive as panic grips investors anew

Arab stock markets Amman - Arab stock markets plummeted across the board on Tuesday as global recession fears and falling oil prices helped to fuel already dwindling confidence and panic selling, financial analysts said.

The plunge was led by the Saudi and the United Arab Emirates stock exchanges where lack of cash and departure of foreign investors reportedly put enormous pressures on the psychology of investors, they added.

The Tadawul All Share Index (TASI) of the Saudi stock exchange tumbled 5.21 per cent led by the petrochemical conglomerate, the Saudi Basic Industries Corp. (SABIC), as well as the banking and construction sectors.

Markets close below 10K mark on global economic concerns

BSEMumbai, Nov.

Indian shares drop steeply on profit-taking

BSE SensexNew Delhi - Indian equities dropped more than 6 per cent Tuesday, largely because investors were selling stocks to lock in profits from previous gains given the gloomy global economic outlook and negative trading on other Asian markets, analysts said.

A fall in India's exports for the first time in five years in October added to the negative outlook.

The 30-share Sensitive Index of the Bombay Stock Exchange closed at 9,839.69 points, 6.61 per cent below Monday's close.

The broader 50-share Nifty of the National Stock Exchange closed 6.66 per cent lower at 2,938.65.

Sensex Below 10k On Heavy Selling Pressure

Sensex Below 10k On Selling PressureThe Sensex fell below the 10,000 level on the back of heavy selling action, weak global markets and fears of a deep and prolonged recession.

Realty, oil & gas, consumer goods and metal stocks were hammered badly.

The various relief and rescue packages declared by worldwide central banking institutions failed to lift investor response.

At 1:37 p.m., the 30-share index, BSE Sensex stood at 9936.97, down 599.19 points, from its previous closing mark, while the broad-based Nifty slipped to 2971.30, down 176.95 points.

Hong Kong shares fall by 5 per cent as China enthusiasm wanes

Hong Kong shares plunge 7 per cent in US election hangoverHong Kong - Hong Kong shares fell by almost 5 per cent Tuesday as enthusiasm over China's 600-billion-US-dollar economic stimulus package waned amid fresh fears over corporate results.

The blue-chip Hang Seng Index lost 703.73 points, or 4.77 per cent, to close at 14,040.9. Turnover was 54.3 billion Hong Kong dollars (7 billion US dollars).

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