MarketS DailY - Oct 23

US Markets:

Dow 514.45 -5.69% 8,519.21
Nasdaq 80.93-4.77% 1,615.75
S.&P. 500 58.27-6.10% 896.78


Asia at 9 AM

Japan Nikkei 8,198.65 -476.04 -5.49%
Hong Kong Hang Seng 13,552.96 -713.64 -4.74%
China Shanghai 1,845.91–2.63%–49.92

SGXNifty 2902 -155

Crude Oil $67.48+1.09% +$0.73
Gold $725.00 –1.39% –$10.20

News Today:

* Dow slumps 500 points, records 7th-worst point loss, Nasdaq at 5-year low as weak earnings, slumping oil prices heighten recession fears.

* New zealand Central bank reduces official cash rate by 1% to 6.5%, signals more cuts forthcoming.

* Crude oil slips to $67 on recession fears.

* Gold falls to 1 year low of $ 725

* RBI eases ECB norms to raise capital for business.

* FII are on a selling spree in Indian markets, they have been net sellers in last 2 weeks.

* Rupee falls to all time low of 49.45.

* Asia in bear grip in morning trade

Seoul 7.3%
Tokyo 5.5%
Hong Kong 4.4%
Singapore 4.3%
Sydney 4.2%
Taiwan 3.0%
Shanghai 2.8%