Wednesday, September 17, 2008

Stocks fall amid new rescue moves

The Bank of Japan has injected another 1.5 trillion yen ($14.4bn) into money markets, as Asian shares continued the global trend downwards.

Tokyo's Nikkei average dropped 3.1% and South Korea's main stock index fell 3% in early trading on Thursday.

Analysts say brokers are not convinced by US efforts to stabilise markets with the $85bn bailout of insurers AIG.

US stocks plunged more than 4% to a three-year low on Wednesday, while European markets also ended down.

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