Stock Markets Plunge Worldwide
Monday January 21, 12:45 pm ET
By Toby Anderson, AP Business Writer
Stocks Plunge Worldwide Amid Pessimism Over US Stimulus Plan
LONDON (AP) -- Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan to prevent a recession.
U.S. markets were closed for Martin Luther King Jr. Day, but the downbeat mood from last week's market declines there circled through Europe, Asia and the Americas. Britain's benchmark FTSE-100 slumped 5.5 percent to 5,578.20, France's CAC-40 Index tumbled 6.8 percent to 4,744.15, and Germany's blue-chip DAX 30 plunged 7.2 percent to 6,790.19.
In Asia, India's benchmark stock index tumbled 7.4 percent, while Hong Kong's blue-chip Hang Seng index plummeted 5.5 percent to 23,818.86, its biggest percentage drop since the Sept. 11, 2001, terror attacks.
Canadian stocks fell as well, with the S&P/TSX composite index on the Toronto Stock Exchange down 4 percent in early afternoon trading. In Brazil, stocks plunged 6.9 percent on the main index of Sao Paulo's Bovespa exchange.
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Us stock futures are indicating a SHARPLY LOWER Open for Tuesday...
North/Latin America: 3:00 PM, Monday Jan 21, 2008
INDEX VALUE CHANGE
DJIA INDEX 11,592.00 -514.00
S&P 500 1,265.10 -60.20
NASDAQ 100 1,773.50 -76.00
S&P/TSE 60 711.80 -35.10
MEX BOLSA 25,520.00 -1,443.00
BOVESPA 53,873.00 -3,507.00
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