Global Markets Stagger

Schachter, Ken
October 2008
Red Herring;10/24/2008, p3
Trade Publication
The article reports on the impact of the financial crisis on global equity markets. Markets around the world fell sharply as redemptions forced hedge funds to unwind their positions, including leaders like electronics giant Sony and European automakers Renault and Peugeot-Citroen. In late-morning trading in the U.S., the Dow Jones Industrial Average fell 382 points, or 4.4 percent, to 8,309 and the Nasdaq skidded 4.6 percent to 1,530. Technology shares held up relatively well, with the Morgan Stanley High-Technology Index losing 3.7 percent to 335.8.


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