MarketS DailY - Oct 20

US Markets:

Dow 127.04-1.41% 8,852.22
Nasdaq 6.42 -0.37% 1,711.29
S.&P. 500 15.88 -0.62% 940.55

Asia at 9 AM

Japan Nikkei 8,739.89 +46.07 +0.53%
Hong Kong Hang Seng 14,999.58 +445.37 +3.06%

SGXNifty 3107 +55

Crude Oil $72.96+1.54%+$1.11
Gold $799.70+1.52%+$12.00

News Today:

* Chinas growth slows down to 9% in the third quarter.

* Netherlands is inject $13 Billion to the ING Group which became the latest victim of the financial crisis.

* OPEC cuts oil production in an effort to support the falling oil price.

* Pakistans economy is on the verge of default , likely to approach IMF for a bail out plan.

* Dollar-denominated Russian index RTS falls 6.5%, bringing its year to date loss to 71%.