World EconomyGlobal Markets PlungeBy Michael Bowman WASHINGTON, DC - U.S. stocks opened sharply lower, mirroring losses in Europe, Asia, and much of the developing world. In New York, the Dow Jones Industrial average crossed below an important psychological floor, the 10,000 mark, for the first time since October, 2004. The Dow was more than four percent lower in early trading. It has lost about a quarter of its value this year. Major markets were hard-hit across the globe. Full StoryAsia Stocks Fall in Response to US Bank RescueBy Ron Corben BANGKOK, CHINA - Nervous investors fled markets Monday in Asia. Hong Kong's key Hang Seng Index closed down five percent while Tokyo's benchmark Nikkei 225 index fell to its lowest closing level since February 2004 at 10,473 points. Indonesia's stock market plunged 10 percent, the steepest single day decline on record. Full Story |
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