The Sensex, the 30-share prime index of the Bombay Stock Exchange (BSE), took a beating on Tuesday, ending down 338 points on reports that the overseas operations of India's No.2 bank, ICICI Bank, had lost $264.34 million due to its exposure to the subprime crisis.
U.S. stocks dropped to an 18-month low on Tuesday , after Federal Reserve Chairman Ben Bernanke urged banks to write down more mortgage debts. Financial shares led indexes to fall while oil and gold dropped from previous records.
Japan stocks closed Tuesday almost unchanged as investors worried about soaring raw material prices and the U.S. dollar's depreciation.
Ten year U.S. Treasuries fell on Monday despite new manufacturing and construction data which reinforces concerns that the Federal Reserve may cut lending costs.
U.S. stocks edged lower Monday for a third day after analysts reduced earnings estimates for securities firms while manufacturing report was not as bad as forecast, while a separate report on construction showed a steep weakness in spending on non-residential projects.
China's securities regulator has approved to launch three new mutual funds on Friday.
Treasuries rose on Friday, sending two-year yields to the lowest level in nearly four years, on new economic data which led investors to raise their expectations for a recession.
U.S. stocks hit session lows on Friday afternoon, with the market being weighed down by a huge loss from insurance giant AIG and on fears of an economic recession, causing all indexes to fall more than 2 percent.
U.S. government bond prices extended their rally on Friday after a much weaker than expected Chicago purchasing management report.
Stocks fell on Friday after data pointed to more deterioration in the economy and the largest loss in insurer American International Group Inc's history signaled the worst was far from over for the beleaguered financial sector.Benchmark indexes sank to session lows after two widely watched surveys indicated U.S. consumer sentiment was at its lowest in 16 years and Midwestern business conditions were the weakest in more than six years.
Tokyo stocks dropped over 2 percent on Friday, marking the lowest level this week as the yen gained on the U.S. dollar.
Treasuries rose on Thursday after a U.S. government showed the economy grew at a slower rate in the fourth quarter of 2007 than forecast and jobless claims rose more than expected.
Sensex, the prime index of the Bombay Stock Exchange (BSE), fell marginally by 0.01 percent or 1.51 points, Thursday, dragged down by weak market sentiments ahead of announcement of India's annual budget on Friday.
U.S. stocks extended losses Thursday, pushing the Dow Jones and the S&P 500 down more than 1 percent, after Federal Reserve Chairman Ben S. Bernanke said some smaller banks are likely to fail and jobless claims rose.
Treasury notes turned slightly lower lower on Wednesday after regulators removed some lending restrictions from Fannie Mae and Freddie Mac, and Federal Reserve Bank Chairman Ben Bernanke indicated a willingness to continue lowering interest rates.
In a bid to tap into the boom in commodities trading, the Bombay Stock Exchange (BSE) has picked up 26 percent stake in Ahmedabad-based National Multi-Commodity Exchange of India Ltd (NMCE) for about Rs.100 crore ($25 million).
Japan stocks buoyed Wednesday led by Asian stock markets' high stock prices and the news of sharp equity rises across Asia.
The FTSE 100 index finished 87.9 points up on Tuesday at 6,087.4. The rise is almost a two per cent increase on the previous session and took the index above 6,000.
Cocoa posted record gains on Tuesday in London amid concerns that Ivory Coast supplies were declining and that the bean quality will deteriorate.
Natural gas remained stable on Tuesday, above $9 per million thermal units on concern that supplies will decline as cold weather moves into the regions of highest consumption.
Wall Street dropped for the first time in three days after producer prices rose more than expected and Google shares fell after data showed that the number web users clicking on ads, have decreased.
India's prime stock index, the BSE (Bombay Stock Exchange) Sensex, climbed 1.7 percent or 301.50 points, Monday, to 17,650.57, with 26 components rising, riding on the wave of renewed confidence of investors who are looking forward to a positive budget being announcement by the Central Government.
Japan Stocks declined Tuesday in Tokyo as investors fears both of the U.S. and domestic economy.
Asian stocks rose to their highest in three weeks after the world's largest bond insurers retained top credit ratings, easing concern that global economic growth will slow on new credit losses.
Japan Stocks soared Monday encouraged by the upcoming U.S. rescue plan to be announced Monday and the news that Chinese SWF might buy Japanese stocks as much as $10B.
U.S. stocks rose modestly on Monday afternoon after natural gas gained to a two-year high, pushing energy companies to soar.
Treasuries fell on Monday after a better than expected report about existing home sales lowered concerns about the housing sector.
The dollar and euro both gained against a weaker yen on Monday as positive news for the U.S. financial sector boosted appetite for stocks and other riskier trades and helped underpin high-yielding currencies like the New Zealand dollar.
Technology related stocks rose Friday afternoon while tax-maker Intuit stumbled after reporting a drop in second quarter profit.
U.S. stocks fell for a second day on Friday, with the tech and financial sector leading the decline as investors considered weak economic data that was released earlier this week. Indexes tumbled on Thursday after a weak regional manufacturing report added to concerns that the economy is headed for a recession, if not already in one.
