Good morning. I’m Duaike Smith. This is the world report. In the news today, falling markets in Asia and Europe. Continuing fears about the global economy are pushing international stock markets down today. Hong Kong’s benchmark index has lost nearly 3 percent, while Japan’s Nikei index droped one and half percent. European markets are also opened lower this morning. Yesterday worried invester sent north American market plunging. CBC’s business reporter Mary Bultruck has the details. There is no stemming the sell-off on the stock markets this morning. All major Asian markets are lower. Shanghai’s main index is leading the loses with drop about 4 and a half percent. The cue for all of these whole came from the north American trading yesterday, where Wall Street erased all of the games may over the last eleven years. The Doi Jones industrial average is now cleaning to 7 thousand points after dropping nearly 3 and a half percent on Monday. The index hasn’t been slowed since October 1997. Here at home, the major sectors
Good morning. Im Duaike Smith. This is the world report. In the
news today, falling markets in Asia and Europe. Continuing fears
about the global economy are pushing international stock markets
down today. Hong Kongs benchmark index has lost nearly 3 percent,
while Japans Nikei index droped one and half percent. European
markets are also opened lower this morning. Yesterday worried
invester sent north American market plunging. CBCs business
reporter Mary Bultruck has the details. There is no stemming the
sell-off on the stock markets this morning. All major Asian markets
are lower. Shanghais main index is leading the loses with drop
about 4 and a half percent. The cue for all of these whole came
from the north American trading yesterday, where Wall Street erased
all of the games may over the last eleven years. The Doi Jones
industrial average is now cleaning to 7 thousand points after
dropping nearly 3 and a half percent on Monday. The index hasnt
been slowed since October 1997. Here at home, the major sectors
that make up the TSX composite combined the Pullpy index down to
its lowest close in more than 5 years. Everything from banks to oil
companies took major hits. Analyst says after months of governments
and central banks tried to reign in the global financial crisis.
Investors are finding no concrete reason to be optimistic. (Mary
Woturos, CBC News, Toronto)
Cue: A signal, such as a word or action, used to prompt another
event in a performance Stock marketsNikkei: Short for Japan's
Nikkei 225 Stock Average, the leading and most-respected index of
Japanese stocks.Plunging : low-cutSell-off: Get rid of by selling,
often at reduced prices. For example, the jeweler was eager to sell
off the last of the diamond rings. [c. 1700] Also see sell out,
Shanghai TSX composite reign in: To be predominant or prevalent,
e.g. Panic reigned as the fire spread.1
