Post by unlawflcombatnt on Aug 1, 2007 14:03:04 GMT -6
Below are excerpts from a Yahoo News article titled:
World stocks in meltdown over US economy fears
by Ben Perry
"European and Asian stock markets sank on Wednesday, mirroring losses the previous day in New York, on mounting fears that weakness in the US housing sector could infect the world economy....
In London the FTSE 100 index lost 1.72 percent to close at 6,250.60 points,...
in Paris the CAC 40 lost 1.68 percent to 5,654.30...
in Frankfurt the Dax lost 1.45 percent to finish at 7,473.93 points.
The DJ Euro Stoxx 50 index...lost 1.82 percent to 4,237.05 points....
The yen meanwhile hit a four-month high against the dollar and oil passed an all-time peak in New York as investors exited risky investments and turned to safe-havens, dealers said....
Japanese stocks slumped by more than 2 percent on Wednesday, with the Nikkei-225 index ending below 17,000 points for the first time in more than four months....
Economists said there were growing jitters about the potential fallout from problems in US subprime lending sector, where mortgages are provided to people with questionable credit histories.
Analysts are concerned that growing mortgage defaults will hurt banks and finance companies enough to curb the availability of credit on which the economy feeds.
That, in turn, could affect private equity groups because their takeover bids are often financed by large amounts of bank debt.
"The central issue that concerns the equity market is really the extent to which this whole subprime fallout will affect a general credit squeeze and reverse the expansion we have seen in the global economy," said Mike Lenhoff, chief strategist at Brewin Dolphin Securities in London....
No market was immune to plunging equities on Wednesday,...
Hong Kong's key Hang Seng Index closed down 3.15 percent,
China share prices shed 3.81 percent ...
Indian's main equity market plunged 3.96 percent.
Sydney's main stock market meanwhile dived 3.3 percent....
Losses were widespread in Europe.
In Amsterdam the AEX index fell 1.79 percent to 524.45...
Milan's SP/Mib dropped by 2.04 percent to 39,401,...
Madrid the Ibex-35 lost 1.40 percent to 14,595.7.
In Brussels the Bel-20 closed 1.66 percent lower at 4,311.80 points."
Let's add all of these together.
"Down" + "slump" + "lost" + "lower" + "fell" + "dived" + "plunged" + "shed" =
CRASH
World stocks in meltdown over US economy fears
by Ben Perry
"European and Asian stock markets sank on Wednesday, mirroring losses the previous day in New York, on mounting fears that weakness in the US housing sector could infect the world economy....
In London the FTSE 100 index lost 1.72 percent to close at 6,250.60 points,...
in Paris the CAC 40 lost 1.68 percent to 5,654.30...
in Frankfurt the Dax lost 1.45 percent to finish at 7,473.93 points.
The DJ Euro Stoxx 50 index...lost 1.82 percent to 4,237.05 points....
The yen meanwhile hit a four-month high against the dollar and oil passed an all-time peak in New York as investors exited risky investments and turned to safe-havens, dealers said....
Japanese stocks slumped by more than 2 percent on Wednesday, with the Nikkei-225 index ending below 17,000 points for the first time in more than four months....
Economists said there were growing jitters about the potential fallout from problems in US subprime lending sector, where mortgages are provided to people with questionable credit histories.
Analysts are concerned that growing mortgage defaults will hurt banks and finance companies enough to curb the availability of credit on which the economy feeds.
That, in turn, could affect private equity groups because their takeover bids are often financed by large amounts of bank debt.
"The central issue that concerns the equity market is really the extent to which this whole subprime fallout will affect a general credit squeeze and reverse the expansion we have seen in the global economy," said Mike Lenhoff, chief strategist at Brewin Dolphin Securities in London....
No market was immune to plunging equities on Wednesday,...
Hong Kong's key Hang Seng Index closed down 3.15 percent,
China share prices shed 3.81 percent ...
Indian's main equity market plunged 3.96 percent.
Sydney's main stock market meanwhile dived 3.3 percent....
Losses were widespread in Europe.
In Amsterdam the AEX index fell 1.79 percent to 524.45...
Milan's SP/Mib dropped by 2.04 percent to 39,401,...
Madrid the Ibex-35 lost 1.40 percent to 14,595.7.
In Brussels the Bel-20 closed 1.66 percent lower at 4,311.80 points."
Let's add all of these together.
"Down" + "slump" + "lost" + "lower" + "fell" + "dived" + "plunged" + "shed" =
CRASH