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Japan Share Prices Plunge By 10%, biggest fall since 1987

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posted on Oct, 8 2008 @ 01:34 AM
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ON SKY NEWS WEBSITE THIS MORNING:

Japanese share prices have plunged by almost 10% - one of the biggest losses ever - as panic-selling swept across Asian markets over the global financial crisis.

Read article here

read longer reuters article here

The Jakarta index fell by 10 % too

Ain't looking good is it, the falls are spreading everywhere


[edit on 8/10/08 by cosmicpixie]




posted on Oct, 8 2008 @ 01:47 AM
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I'm waiting for CNBC to come out with the overseas markets. It sure feels like dominoes. Lehman's toppled and now they are all falling.

When I hear about this I feel like anything at this point that any given government does is too little too late. They all seem to be trying the same things i.e., guaranteeing deposits etc. I read on the site Urbansurvival that Sweden's bank that failed had more deposits than the GDP of Sweden. I wonder how many other banks have the same problem ?



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