Global markets saw a huge slump in their shares and businesses, as the Chinese market hit a cold war with other markets, pulling down all others with it.
Chinese markets slumped to near 9% loss, their lowest since 2007 and caused a major havoc on other markets, with all starting their day with a downfall, BSE Sensex of India lost a staggering 1,625 points in a single day, which turned to be a 6% loss of the total market value. Nifty lost 5.92% as well, creating a chaotic atmosphere.
BSE Sensex fall marked its low intraday trading since Aug 11, 2011, leaving the market at 25,642.72
Indian BlueChip giants saw a decline in their shares up to 9%, which included Reliance having a downfall of 8.6%, and Larsen and Toubro at a fall of 6.2%. Indian Rupee crossed the 66 mark against the US$, leaving the markets in a turmoil.
Markets around the world followed same fashion that of China, seeing a dip in their shares, with the European markets down by 4.7% and, Dow Jones started their trade with 1000 minus their previous trading, as the WallStreet opened.
Tech IPO's faced the same challenge, with major firms seeing a decline in their shares. Facebook declined 12.1%, Apple down 10%, Amazon faced a 6.4% minus, Microsoft at -5.8.
Netflix started their day with a mammoth -14.7 on their share value, and Twitter at -8.9%.
There was a statistical bloodbath all over, with major firms and Markets seen in red all through the day. Though many hope the markets plunge back to normal in a few trading days, we must look out for the following few days if they pour in the lost billions.
Chinese markets slumped to near 9% loss, their lowest since 2007 and caused a major havoc on other markets, with all starting their day with a downfall, BSE Sensex of India lost a staggering 1,625 points in a single day, which turned to be a 6% loss of the total market value. Nifty lost 5.92% as well, creating a chaotic atmosphere.
BSE Sensex fall marked its low intraday trading since Aug 11, 2011, leaving the market at 25,642.72
Indian BlueChip giants saw a decline in their shares up to 9%, which included Reliance having a downfall of 8.6%, and Larsen and Toubro at a fall of 6.2%. Indian Rupee crossed the 66 mark against the US$, leaving the markets in a turmoil.
Markets around the world followed same fashion that of China, seeing a dip in their shares, with the European markets down by 4.7% and, Dow Jones started their trade with 1000 minus their previous trading, as the WallStreet opened.
Tech IPO's faced the same challenge, with major firms seeing a decline in their shares. Facebook declined 12.1%, Apple down 10%, Amazon faced a 6.4% minus, Microsoft at -5.8.
Netflix started their day with a mammoth -14.7 on their share value, and Twitter at -8.9%.
There was a statistical bloodbath all over, with major firms and Markets seen in red all through the day. Though many hope the markets plunge back to normal in a few trading days, we must look out for the following few days if they pour in the lost billions.
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