Asia’s Stock Market Meltdown: Worst drop in 10 years

February 28, 2007 at 3:14 pm 1 comment

It has been described as worse than a bad day – a meltdown but not a crash

[]”… A 9 percent slide in Chinese stocks — coming one day after investors sent the Shanghai benchmark index to a record close — set the tone for U.S. trading. Major West European indexes were down by between 2 percent and 3 percent. ..'[]

investors in Europe and the America’s can sweep in though for bargain prices on Asian stocks and save the day or sell all and keep away. China was hard hit but is stabalizing. However for now the markets seems to have been hit by a sell off that is still being studied.

REPORTS:

Asia Markets on Wednesday stage biggest falls since 1997 crisis...
China shares stabilize...
SHARES TUMBLE AROUND WORLD...
DOW DOWN 416...
*GLITCH CAUSED RECALCULATION OF 200 POINTS...
WORST 1-DAY DROP SINCE 2001...
Cramer: How the System Failed Us Today...
CNBC: VIDEO OF THE PLUNGE...
MAG: Did the Drudge Report Help Tank the Stock Market? 

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Entry filed under: Afghanistan, Albay, Arroyo, ASEAN, ASEAN Cebu Summit, ASEAN counter terrorism, asia, Asian stock market, fil-am, Filipino, filipino-american, free speech, freedom of speech, Happy New Year, Makati, Manila, news, News and politics, News Of China, Ormoc, pasig river, philippines, President Arroyo, Rants, Raves, Whathaveyou..., terrorism, thailand, USA, Views.

The thing about small miracles… and how they build hope Manila Stock Market bounces back… numbers way up!

1 Comment Add your own

  • 1. javapadawan  |  November 24, 2008 at 3:32 am

    I thinks its a crash. Just see my portfolio

    PSE Portfolio

    Reply

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