Thursday, November 26, 2009

Thanksgiving Day Global Financial Panic

Thursday global trading following the announcement that Dubai World will not pay its current debt until May 2010 was panic like across the board (The Japanese market did not fall as much because there was a flight to the yen):

London's FTSE 100 Index down 170.68 points, or 3.2 percent, to 5,194.13

Germany’s DAX down 188.85 points, or 3.2 percent, to 5,614.17

France's CAC-40 down 129.93 points, or 3.4 percent, at 3,679.23

China's Shanghai index down 119.19 points, or 3.6 percent.

Hong Kong’s Hang Seng down 396 points 1.8 percent to 22,210.41.

Japan’s Nikkei 225 down fell 58.40 points, or 0.6 percent, to 9,383.24

Who knew in advance?

UPDATE: Greece was down 6.2%

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