Thursday, November 26, 2009

Dubai Debt Fears Hit World Markets Hard

"In Europe, the FTSE 100 index of leading British shares was down 116.65 points, or 2.2 percent, at 5,248.16, having been out of action earlier for over three hours because of technical problems.
Germany's DAX fell 129.45 points, or 2.2 percent, to 5,673.57 while the CAC-40 in France was 85.17 points, or 2.2 percent, lower at 3,723.99.
Earlier in Asia, the Shanghai index tanked 119.19 points, or 3.6 percent, to close at 3,170.98, its biggest one-day fall since August 31, while Hong Kong's Hang Seng shed 1.8 percent to 22,210.41."

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