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Breaking News

  • AP: Senior police official says Pakistani militant group Lashkar-e-Taiba behind deadly terrorist attacks in Mumbai.
  • Obama on Monday to name Susan Rice as UN ambassador, Arizona Gov. Napolitano as Homeland Security Chief and Eric Holder as Attorney General.
  • ERIC HOLDER TO BECOME THE FIRST AFRICAN-AMERICAN ATTORNEY GENERAL OF THE UNITED STATES. (BULLETIN)
  • AP: Official says death toll in Mumbai attacks revised down to 174 but warns it may rise again.
  • Mexican government says that a mexican woman was killed inside the Jewish centre in Mumbai -- Reforma newspaper
via @BreakingNewsOn

Tokyo markets continue descent; Nikkei plunges below 9,000

October 10th, 2008 - 8:10 am ICT by IANS -

Tokyo, Oct 10 (DPA) Stocks in Tokyo continued their downward course Friday, with the Nikkei plunging below the psychologically significant mark of 9,000 points, for the first time in more than five years.Minutes after trading started, the benchmark Nikkei 225 Stock Average fell 279.20 points, or 3.05 percent, to 8,878.29.

This was a reaction to US stocks plummeting again on Thursday, with the Dow Jones Industrial Average dropping below 9,000 points for the first time in five years, as a series of US and global efforts to tackle the financial crisis have failed to calm investors.

Both the blue-chip Dow and broader Standard & Poor’s 500 tumbled more than 7 percent. The Dow dropped 678.91 points, or 7.33 percent, to 8,579.19. The S&P fell 75.02 points, or 7.62 percent, to 909.92.




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