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World Markets Sink But Dow Is Steady
Posted on October 27, 2008 at 13:19 PM EDT
Asian markets had another awful day. Their last 2 days of trading was probably the worst 2 day period ever. In the overnight, Tokyo, the largest market, dropped to yet another low. The ¥ rose to new heights at 93 to the dollar. Just a couple of months ago, it was down at 110. Their economy relies on exports, the strong ¥ makes their products harder to sell in a world economy that is sputtering. The Australian market sank again to another 4 year low. This message was repeated in about every Asian market. World markets slump; Nikkei at 26-year low- AP However, one gained: <td [More...]
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