September 29, 2008

WHEN THE ADULT NATION ACTS CHILDISH:

Asia stocks fall after US failure (BBC, 9/30/08)

Japan's benchmark Nikkei stock index has fallen almost 5% in early trading, hours after a US financial rescue plan failed to gain Congressional backing. [...]

Now Asia is reacting to the shock, and in early trading on Tuesday, the Tokyo Stock Exchange's Nikkei-225 index fell almost 580 points to 11,163.74, a lost of 4.94% of its value in a matter of minutes.

Australia and New Zealand saw similar precipitous losses, with the S&P/ASX-200 index shedding 5.3% in Sydney and a 4.7% fall in Wellington.

Posted by Orrin Judd at September 29, 2008 8:15 PM
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