| Asia stocks fall after US failure
Japan's benchmark Nikkei stock index has fallen almost 5% in early trading, hours after a US financial rescue plan failed to gain Congressional backing.
Asia is reacting to the shock, and in early trading on Tuesday, the Tokyo Stock Exchange's Nikkei-225 index fell almost 580 points to 11,163.74, a loss of 4.94% of its value in a matter of minutes.
Hong Kong's Hang Seng index dropped 5.47% in the first 10 minutes of trading.
Australia and New Zealand saw similar precipitous losses, with the S&P/ASX-200 index shedding 5.3% in Sydney and a 4.7% fall in Wellington.
World leaders expressed concern at the effect of the US vote.
Earlier, Brazilian President Luiz Inacio Lula da Silva accused the US and other wealthy nations of financial irresponsibility that could jeopardise the economic progress made in recent years by developing countries.
Brazil's Ibovespa stock index dropped 9.4% on Monday.
Reminds me of the old Status Quo song...
Down down deeper down !!!
.
__________________ M.U.F.C. NumquamMoribimur. L.U.H.G.
Quote: | Originally Posted by abojodeh since when these bloody scousers know how to use the internet  | Quote: | Originally Posted by solskjaer99 Salford red is a legend- he has helped me out loads on here  | | 
