The sale of panic accelerated through the Asian purses yesterday while the investors emptied their wallets of actions in mass on fears which a recession in the USA would hammer the economies with fast growth of the area.
The shares in Hong Kong were the worst blow, with principal closing 8.6% of index of Seng of blow downwards as a larger loser of yesterday among the Asian purses. The index fell a total from the surplus the 14.1% two days of trade last this week in its two days more pointed decline in one decade. But in a movement of surprised before the bell of opening on Wall Street Tuesday, the federal reservation of the USA reduced interest rates of interest by 75 basic points to 3.5% in which analysts known as was an apparent offer to avoid a recession in the greatest economy of the world.
Taking the selection of the cut of rate, the European shares reversed their first losses, with stocks in Great Britain 2% of rise while the news burst. Earlier, the commercial feeling in Asia was continued by indications that stocks of the USA started for a great fall Tuesday, with the contracts in the long term on index of security prices moving to a dive 500-point for the industrial average of dow-Jones after one prolonged weekend.
In Japan, the index of Nikkei 225 broke down 5.6%, whereas Australian stocks descended 7% yesterday. None the open Asian stock exchange markets for the trade yesterday was saved, with the principal indices to the bottom at least of 1% of Seoul towards Sri Lanka. On before room, the index made up of kilolitre (KLCI) dégringolé with a bottom of intra-day of 1.340 points, but recovered slightly towards the end although it finished deeply in the negative territory.
The reference mark at the end of 54.12 points inferior, or swallows 3.8%, to 1.354.38, whereas the broader index of FBM Emas dropped 4% at the end at 9.179 points. "(the state of the market) necessarily does not translate into reduction in the economy. The KLCI has 6.3% fallen since the beginning the year, which was a relatively soft fall compared with the losses with two digits on other Asian markets, other than those Shenzhen, in Pakistan and Sri Lanka.
The index of Seng of the blow of Hong Kong was the worst interpreter, having the year-with-date fallen from 22%. "if the recession in the United States is serious, one binds to be negative effects on Asia, but Asia seems to be an area so robust that there are currently no danger or principal change of the economic growth.
The sad feeling on stocks also deviated at the market from the products, with gross prices of the oil of palm tree (CPO) prolonging losses at a third day in a line on derivatives of Bush. The contract in the long term for the delivery of April took blows, loser RM128 per ton, or almost 4%, with RM3,115 per ton. The contract reached high absolute RM3,420 per ton janv. 14. The majority of the analysts provided that CPO would make the average around RM2,800 per ton or moreover in 2008 after the prices increased last year 56%. The oil price crude also reprocessed yesterday, USS3 falls about it by barrel with USS87.60 in electronic hours of trade before the open market for the trade of New York.
The shares in Hong Kong were the worst blow, with principal closing 8.6% of index of Seng of blow downwards as a larger loser of yesterday among the Asian purses. The index fell a total from the surplus the 14.1% two days of trade last this week in its two days more pointed decline in one decade. But in a movement of surprised before the bell of opening on Wall Street Tuesday, the federal reservation of the USA reduced interest rates of interest by 75 basic points to 3.5% in which analysts known as was an apparent offer to avoid a recession in the greatest economy of the world.
Taking the selection of the cut of rate, the European shares reversed their first losses, with stocks in Great Britain 2% of rise while the news burst. Earlier, the commercial feeling in Asia was continued by indications that stocks of the USA started for a great fall Tuesday, with the contracts in the long term on index of security prices moving to a dive 500-point for the industrial average of dow-Jones after one prolonged weekend.
In Japan, the index of Nikkei 225 broke down 5.6%, whereas Australian stocks descended 7% yesterday. None the open Asian stock exchange markets for the trade yesterday was saved, with the principal indices to the bottom at least of 1% of Seoul towards Sri Lanka. On before room, the index made up of kilolitre (KLCI) dégringolé with a bottom of intra-day of 1.340 points, but recovered slightly towards the end although it finished deeply in the negative territory.
The reference mark at the end of 54.12 points inferior, or swallows 3.8%, to 1.354.38, whereas the broader index of FBM Emas dropped 4% at the end at 9.179 points. "(the state of the market) necessarily does not translate into reduction in the economy. The KLCI has 6.3% fallen since the beginning the year, which was a relatively soft fall compared with the losses with two digits on other Asian markets, other than those Shenzhen, in Pakistan and Sri Lanka.
The index of Seng of the blow of Hong Kong was the worst interpreter, having the year-with-date fallen from 22%. "if the recession in the United States is serious, one binds to be negative effects on Asia, but Asia seems to be an area so robust that there are currently no danger or principal change of the economic growth.
The sad feeling on stocks also deviated at the market from the products, with gross prices of the oil of palm tree (CPO) prolonging losses at a third day in a line on derivatives of Bush. The contract in the long term for the delivery of April took blows, loser RM128 per ton, or almost 4%, with RM3,115 per ton. The contract reached high absolute RM3,420 per ton janv. 14. The majority of the analysts provided that CPO would make the average around RM2,800 per ton or moreover in 2008 after the prices increased last year 56%. The oil price crude also reprocessed yesterday, USS3 falls about it by barrel with USS87.60 in electronic hours of trade before the open market for the trade of New York.
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