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08.10.2008 - Japanese stocks plunge by nine percent

Stocks in Asia have been continuing their slide this Wednesday.

The Czech Republic news are represented by www.czechrepublic-prague.com

On average they were down by around five percent at midday. Japanese stocks dropped by around nine percent, while Indonesia's benchmark index plunged by 10 percent. Officials there reacted by suspending trading. Earlier, US stocks plunged for a second consecutive Share of Czech university graduates slightly grows - OECD ...
Ban Ki-Moon appeals for US to stay Mexican's execution ...
day. The Dow Jones Industrial Average sank more than 500 points on Tuesday to a five-year closing low of 9,447. US Federal Reserve chairman Ben Bernanke has hinted that the central bank would cut interest rates as the outlook for economic growth in the United States worsened. The European Central Bank meanwhile announced a schedule for new co-ordinated action it will take with other central banks to expand the provision of US dollars to cash-strapped commercial banks.

(Deutsche Welle)


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