Jakarta. Global stock markets today does not provide illumination as compared to previous weeks after noting the weakening trend in almost every area of concern following the bail-out of Europe which is increasingly peaked.
The U.S. stock market today plunged by Standard & Poor's 500 index suffered the biggest drop in the last month, amid fears that European leaders are still struggling to overcome its debt crisis.
S & P 500 fell 2.5% to 1253.30 at 16:00 New York time, erasing gains throughout 2011 and mutilate the biggest decline since October 3. The Dow Jones lost 276.10 points, or 2.3%, to 11955.01 today
Continued negative market movements after the Greek Prime Minister George Papandreou said it would hold a referendum related to the new bailout deal. While China which was originally expected to be a rescuer failed to inject funds.
In Europe, stocks go down, which dragged the banking sector as well as Italian and Spanish bonds declined. Morgan Stanley fell 8.7% to U.S. $ 17.64 and Citigroup fell 7.5% to U.S. $ 31.59. MF Global Holdings Ltd., parent company to run the broker-dealer by the former governor of New Jersey and Goldman Sachs Group Inc. co-chairman Jon Corzine, filed for bankruptcy after making bets on European sovereign debt.
Asian region, joined the trend of weakening global trade, dragging the MSCI Asia Pacific index recorded its biggest drop last month in the level of 121.76, or 2.4% at 8:24 Tokyo time.
At the close perdagangana yesterday, the Nikkei 225 fell 0.7%, while the Kospi slipped 1.1%. Hong Kong Index, Hang Seng and China's Shanghai Composite also struggled respectively 0.8% and 0.2%. In Australia, the S & P 200 tegerus 1.3%.
The U.S. stock market today plunged by Standard & Poor's 500 index suffered the biggest drop in the last month, amid fears that European leaders are still struggling to overcome its debt crisis.
S & P 500 fell 2.5% to 1253.30 at 16:00 New York time, erasing gains throughout 2011 and mutilate the biggest decline since October 3. The Dow Jones lost 276.10 points, or 2.3%, to 11955.01 today
Continued negative market movements after the Greek Prime Minister George Papandreou said it would hold a referendum related to the new bailout deal. While China which was originally expected to be a rescuer failed to inject funds.
In Europe, stocks go down, which dragged the banking sector as well as Italian and Spanish bonds declined. Morgan Stanley fell 8.7% to U.S. $ 17.64 and Citigroup fell 7.5% to U.S. $ 31.59. MF Global Holdings Ltd., parent company to run the broker-dealer by the former governor of New Jersey and Goldman Sachs Group Inc. co-chairman Jon Corzine, filed for bankruptcy after making bets on European sovereign debt.
Asian region, joined the trend of weakening global trade, dragging the MSCI Asia Pacific index recorded its biggest drop last month in the level of 121.76, or 2.4% at 8:24 Tokyo time.
At the close perdagangana yesterday, the Nikkei 225 fell 0.7%, while the Kospi slipped 1.1%. Hong Kong Index, Hang Seng and China's Shanghai Composite also struggled respectively 0.8% and 0.2%. In Australia, the S & P 200 tegerus 1.3%.
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