Stocks plunge after Wall Street falls (Australlia)

[truthisfreedom]

http://www.thewest.com.au/default.aspx?MenuID=145&ContentID=23491

Stocks plunge after Wall Street falls
14th March 2007, 8:30 WST


The Australian stockmarket has plummeted on opening, following a plunge on Wall Street overnight.
By 8.22am (10.22 AEDT), the S&P-ASX200 had lost 112 points to 5753.0 and the all ordinaries was down 108.8 points to 5735.2.

The US stock plunge came as weak retails sales data fanned concerns about economic growth and financial stocks continued to suffer damage from ongoing losses in the sub-prime mortgage sector.

[stormymonday]

1. Bloomberg TV shows the Nikkei currently down over 450 points (2.6%)

[Lucky Luciano]

2. Oh boy oh boy!!!

I am so ridiculously short credit right now....this bodes well for me tomorrow....now, if only TXU and CCU would be good risk arb plays, I would be much happier tomorrow!

[stormymonday]

3. Bloomberg TV shows Hong Kong HSI down over 550 points

Nikkei now down 512 (3%)

[ProudDad]

4. Yipeeeeeee!

Every time the markets go down, there's more hope for the working person.

Every time the markets go up, I check for a pain in my rear, it's probably me getting screwed by the capitalist masters again...

[Eugene]

5. AP: Asian, European Stocks Plunge

Associated Press
Asian, European Stocks Plunge
By HANS GREIMEL 03.14.07, 6:03 AM ET

Asian stocks plunged Wednesday and European shares opened sharply
lower after Wall Street chalked its second-biggest point drop in four
years and rattled already nervous markets worldwide.

The tumble came just as international markets were recovering in recent
days from sharp declines in early March amid concerns about overvalued
stock prices and slower U.S. economic growth.

-snip-

Stocks in Japan, Hong Kong, Malaysia, India and Australia all fell more
than 2 percent, while shares in Singapore and the Philippines tumbled
at least 3 percent.

In Europe, London's FTSE 100 dropped 1.7 percent shortly after the
open, while Germany's DAX lost 1.8 percent. France's CAC 40 was also
1.7 percent lower.

-snip-

Full article: http://www.forbes.com/feeds/ap/2007/03/14/ap3514568.html