Tokyo Stocks Plunge

Published: 9 November 2000 y., Thursday
The benchmark 225-issue Nikkei Stock Average lost 269.30 points, or 1.75 percent, to end morning trading at 15,130.34. On Wednesday, the index gained 59.31 points, or 0.39 percent. The dollar bought 107.34 yen at 11 a.m. (0200 GMT), up 0.02 yen from late Wednesday in Tokyo and also above its New York level of 107.28 yen. On the stock market, trading was somewhat restrained because of the delay in U.S. presidential election outcome, traders said. Both candidates were awaiting a recount to determine who will get Florida's 25 electoral votes and become the 43rd U.S. president. The Nikkei index was dragged down by Wall Streets losses, with declines in technology heavyweights and banks. In New York, the tech-heavy Nasdaq composite fell 184.09 points to close at 3,231.70, while Dow Jones industrial average closed at 10,907.06 points, down 45.12.
Šaltinis: AP
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Parex Bankas is to refinance LTL 19.5 million for small and medium-sized enterprises

Parex Bankas won the tender organised by UAB Investicijų ir Verslo Garantijos regarding the financing of very small, small and medium-sized enterprises, and is to lend LTL 100 million together with other three selected banks. more »

Commission approves aid package for German bank WestLB

The European Commission has approved, under EC Treaty state aid rules, the €5 billion risk shield for German bank WestLB and accompanying measures, following an in-depth investigation opened in October 2008. more »

Capital Requirements Directive - rapporteur Karas interviewed

MEPs have backed new rules to rebuild trust in Europe's battered banks through better financial supervision and risk management. more »

AB Bank SNORAS changes the interest rates on time deposits

Taking into consideration the tendencies in the market, starting from 11 May this year AB Bank SNORAS will change the interest rates on time deposits in Litas, Euro, Great Britain pounds and USA dollars. more »

VW, Porsche in merger talks

Now VW and Porsche who are looking into a merger. more »

Small business, big ideas

First European SME week supports small businesses and encourages entrepreneurship. more »

Twist of fate: $120,000 found at ATM

Officials at an El Paso bank said $120,000 found at an ATM doesn't belong to the bank. more »

MEPs adopt strict conditions for the placing on the market of seal products in the European Union

The placing on the market of seal products should not be allowed say MEPs. It is permitted only where the seal products result from hunts traditionally conducted by Inuit and other indigenous communities. more »

Obama's corporate tax crackdown

President Barack Obama is calling on Congress to overhaul tax policies that he said reward companies for shifting U.S. jobs overseas and allow wealthy people to evade taxes using offshore accounts. more »

Animals used in science, seal ban debated Monday

MEPs will discuss the protection of animals used for science Monday evening along with a proposal to ban the trade in seal products. more »