Asian exchanges fall on U.S. bailout failure

September 30th, 2008 - 9:35 am ICT by Amrit Rashmisrisethi  

Asian stock exchanges tumbled in early trading today (Tuesday) after the U.S. House of Representatives failed to adopt a Wall Street bailout measure, triggering the largest point drop in U.S. stock market history.

Japan’s Nikkei index dropped more than 550 points to 11,183.71 in the first 45 minutes of trading, while the Australian Securities Exchange fell more than 240 points to 4,560.9.

South Korea’s KOSPI dropped more than 120 points to 2,918.9.

Asian markets reacted to the U.S. Dow, which plunged 777 points at closing, or just under 7%, in the worst single-day point loss ever, topping even the loss after the September 11, 2001, terrorist attacks against the US.

Source : National News Bureau, Public Relations Department of Thailand

Tags: , ,

Posted in Thailand |