Hanoi - Vietnam's VN-Index fell 20.8 points Tuesday to close down 4.38 per cent at 455.95, as traders reacted to the collapse of two US investment banks, the threat to international insurance titan AIG Group and falling exchanges elsewhere in the world.
The Ho Chi Minh City exchange had bucked world trends Monday, rising very slightly while markets across the rest of Asia dropped sharply.
On Tuesday the market rejoined the rest of the world, as investors worried about the effects of turmoil in the economy of the United States, Vietnam's largest export customer.
"It's proof that Vietnam is not totally uncorrelated, at least in terms of sentiment," said Dominic Scriven of Vietnam-based portfolio investor Dragon Capital.
New Delhi - Indian shares dipped sharply for a second day Tuesday following global cues.
Singapore - Singapore stock
Hong Kong - Hong Kong share prices plunged 6.1 per cent at the opening of trading Tuesday as the collapse of US investment bank Lehman Brothers sent global markets into freefall.
Washington - After the worst episode yet in a devastating, year-long credit crisis plaguing the United States, the question on some analysts' minds was whether the world's largest economy was in danger of losing its dominant grip on global finance.
Washington - As a mammoth bankruptcy and a surprise takeover shook the US financial industry, two Wall Street stalwarts were under pressure from the federal government to help bail out yet another major firm.
