MarketS DailY - Oct 22

US Markets:

Dow 231.77 -2.50% 9,033.66
Nasdaq 73.35 -4.14% 1,696.68
S.&P. 500
30.35 -3.08% 955.05

Asia at 9 AM

Japan Nikkei 8,935.55 -370.70 -3.98%
Hong Kong Hang Seng 14,723.59 -317.58 -2.07%
China Shanghai 1,939.63–0.96%–18.90

SGXNifty 3175 -74

Crude Oil $70.55 –2.26% –$1.63
Gold
$771.70 +0.48% +$3.70

News Today:

* DOW slumps more than 200 point on earnings concerns and slowing economy.

* Internet giant Yahoo profit slips by 60%, cuts workd force by 10%.

* Toyota's global sales slip for the first time in a decade amid the global slow down.

*
The Federal Reserve said it would provide financing to shore up money-market mutual funds.

* Japanese markets fall by 4%
as U.S. losses weigh on financials, stronger yen hurts exporters.

* Oil falls to $70 inspite of OPEC decision to cut production.

* Wipro net profit rises 9% QoQ.

*
Inflation in Australia has climbed to 5 per cent, its highest level in more than a decade.

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