Friday, October 10, 2008

World markets plunge

Asian markets dropped sharply overnight as Japan saw its biggest one day drop since 1987. Stocks in Europe have also plummeted leading to steep decline after the opening bell on Wall Street.

Both Japan and Europe are injecting massive sums of capital into the markets in an attempt to stabilize the situation.

Investors may be heading for safe havens though, especially those worried about their retirement accounts. The yen and US treasuries are rising. The yen is being repatriated in large quantities as investors pay off low-interest loans in Japanese currency.

The Associated Press

Global markets smacked down hard; US eyes another dive
USA Today - 1 hour ago
By Jeffrey Stinson and Paul Wiseman, USA TODAY European stock markets followed Asia and America into the deep Friday, with recession-worried investors ...

World markets retreat again Forbes
World markets caught in Wall Street downdraft The Associated Press
World Markets Slide, then Rebound Slightly Ozarks First

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