Europe and Asia stocks mostly lower, but spared rout
European shares opened lower Tuesday but they were spared the rout seen overnight on Wall Street as investors expressed hoped that a U.S. bailout would be agreed this week.
September 30, 2008
Russian Stock Market Trading Halted Shortly After the Open
Sept. 30 (Bloomberg) — Russia’s markets regulator halted stock trading on the country’s two biggest exchanges shortly after the open. The Micex Stock Exchange halted trading for two hours shortly after the open at the request of the Federal Financial Markets Service, spokesman Alexei Gerasyuk said.
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Ruble Set for Record Monthly Drop as Stock Trading Is Halted
Sept. 30 (Bloomberg) — The ruble fell against the dollar and was headed for its biggest monthly drop on record versus the country’s currency basket, as stock trading was halted after U.S. lawmakers rejected a $700 billion bank-bailout package.
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Japan Stocks Drop Toward 4-Year Low as Bank Rescue Plan Fails
Sept. 30 (Bloomberg) — Japan’s stocks plunged toward a four-year low after a U.S. bank-rescue package failed, unemployment rose and production fell, raising concern the financial crisis is spreading through the broader economy.
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Asian Markets Drop Sharply at Open
The Nikkei dropped almost 5 percent in the first hour of trading, following the rejection in Washington of a $700 billion financial bailout package and a plunge in U.S. markets.
