Monday, January 21, 2008

Asian markets see further losses

BBC

Share prices in Asia and Australasia continued to fall sharply on Tuesday, a day after global stock indexes tumbled amid fears of a global recession.

Japan's benchmark Nikkei index plunged 1.5% in the first minute of trading.

South Korean shares dropped by around 5%, with Sydney's market continuing its longest losing streak for 26 years, down 7.1% on the day at the close.

In Bombay, India's main index fell 9.75% within minutes, triggering an automatic one-hour halt in trading.

The loss in Indian shares came after a fall of 7.41% on Monday, the Sensex's worst day ever.

India's Finance Minister P Chidambaram has urged the Indian investors to "remain calm" and advised them to "stay invested"......

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