Preaching The Gospel

Monday, October 27, 2008

World markets slump; Nikkei at 26-year low

World markets slump; Nikkei at 26-year low
Print By PAN PYLAS, AP Business Writer Pan Pylas, Ap Business Writer – 1 hr 59 mins ago Play Video Reuters – Asian shares fall
AP – A man walks past a display showing stock prices at a brokerage firm in Hong Kong Monday, Oct. 27, 2008. … LONDON – World stock markets slumped again Monday with the Nikkei index in Japan closing at its lowest in 26 years as the financial crisis drove up the yen, piling the pressure on the country's exporters.

Tokyo's Nikkei 225 index closed down 6.4 percent to 7,162.90 — the lowest since October 1982. Hong Kong's Hang Seng Index tumbled 12.7 percent to 11,015.84, its lowest close in more than four years and biggest daily decline

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