Japan's Nikkei Falls Nearly 11% , page 1
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Topic started on 9-10-2008 @ 07:37 PM by anachryon

Japan's Nikkei Falls Nearly 11%


online.wsj.com..." target="_blank" class="postlink">wsj.com
Asian stock markets were plunging Friday with investors going into panic-selling mode after Wall Street sank on concerns about the health of the U.S. financial sector and the broader economy.

Several bourses have briefly halted futures or program trading as the declines pick up speed, to try and contain the fear spreading through markets.

Markets in Japan are leading the way with the Nikkei 225 dropping 10.8%, under the key 9000 mark and futures sliding 14%; Australia has fallen 7.2%, Korea 8.9% and New Zealand 3%.

(visit the link for the full news article)


Related News Links:
www.nni.nikkei.co.jp


[edit on 10/9/2008 by anachryon]


reply posted on 9-10-2008 @ 08:00 PM by justme2
reply to post by anachryon


anachryon,
It's updating here:
finance.yahoo.com...
At time of this posting, at 10.66% -- up from 10.83 moments ago.

Scary indeed. I always knew this was coming, from years back.


Oh CRAP, over 11% now

[edit on 10/9/2008 by justme2]


reply posted on 9-10-2008 @ 08:01 PM by anachryon
9:54PM EST:

8,261.85
-895.64
-10.8%


reply posted on 9-10-2008 @ 08:07 PM by 2 cents
Dow futures are down -168

Dow Futures

NIKKEI is bouncing now -856.62 (9.35%)

edit now -208

[edit on 9-10-2008 by 2 cents]

[edit on 9-10-2008 by 2 cents]


reply posted on 9-10-2008 @ 08:10 PM by Kingfanpaul
Originally posted by 2 cents
Dow futures are down -168

Dow Futures


I'm still learning some about stocks, what is futures?

Does this mean that tomorrow the market will open -168?


reply posted on 9-10-2008 @ 08:12 PM by 2 cents
reply to post by Kingfanpaul


I looked it up recently and I think it gives a good indication of what the market will do when it opens but I don't think it ties in directly with the Dow's points. If I'm wrong would someone who knows please correct and educate us.

also the futures trade continues all night till the NYSE opens. So it could change a LOT between now and then up or down. But if its down big or up big you can expect the dow to behave similarly when it opens.

[edit on 9-10-2008 by 2 cents]


reply posted on 9-10-2008 @ 08:21 PM by 2 cents
reply to post by Leo Strauss


really i know what you mean I have been glued to stock charts for 2 weeks now and I don't even have any money in it . Its starting to show up in my dreams!



reply posted on 9-10-2008 @ 08:24 PM by anachryon
Reuters

The Nikkei average tumbled more than 11 percent on Friday, poised for its biggest one-day drop since the 1987 stock market crash, on fears of a global recession despite moves by global authorities to thaw frozen credit markets.

The stock sell-off led the Osaka Stock Exchange to trigger a circuit-breaker and briefly halt trade in the Nikkei futures.


Circuits tripped briefly. They're recovering a bit, now down 8%.
It's gonna be a long day.

2 cents - you're correct about futures. It's an indication of how tomorrow's markets will go, though one should never take them as 100% gospel. Things can and do change, often drastically. At one point last night, Dow futures were up about 200 points, and we saw what happened with the Dow today.


EDIT: Heh, thanks 2 cents, looks like we found that Reuters link at about the same time!

[edit on 10/9/2008 by anachryon]
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