DOW
NASDAQAsia at 9 AM:
NIKKEI : Markets Closed on holiday
HANG SENG 19,080.72 -551.48 -2.85%
Gold: $897.00 –0.79% –$7.10
Crude Oil : $108.95–9.90%–$11.97
News Today:
* Oil prices posted the biggest one-day dollar gain ever Monday, The October contract surged in afternoon trading, reaching as high as $130.00 - a more than $25 gain Before settling at $120.
* Dow lost 373 points on spiking oil and unclear bailout plan.
* The $1 Trillion bail out plan proposed in US could weigh heavily on the Dollar, crude oil and gold are already on a rally. With more weakness in dollar we may see another round of bull run in commodities.
* Japanese firm Nomura takes over Lehman's asian operations.
* Microsoft Corp approved a plan to buy back up to $40 billion of its shares.
* Rupee regains some if its losses as dollar weakens on US worries.
| 2008 IN THE EMERGING MARKETS Best-performing markets | |
| Kuwait's KSE Price Index | 5% |
| Chile's IPSA index | -12% |
| South Africa's All-Share index | -12% |
| Worst-performing markets | |
| China's Shanghai Composite | -61% |
| Vietnam's VN Index | -53% |
| Russia's RTS index | -43% |
* as of September 19
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