Sunday, February 15, 2009

Global stock markets seen mixed this week


NEW YORK: Global stock markets was seen mixed this week, as the investors confidence could not be restored despite $787 billion of stimulus bailout package approval.

Dow Jones and Nesdec indexes went down by 431 and 56 points respectively. Asian markets also remained turbulent this week. At the end of this week, China’s Shanghai composite index recorded an increase of 37 points, while Hong Kong’s Hang Seng index after melting down 311 points closed at 13554 points. Japan’s Nikkei- 225 index eroded by 399 points wrapped up at 7779 points. At the end of second week, India’s BSE Sensix-30 up by 275 points closed at 9634 points.

European markets this week were seen in negative zone. British FTSE-100 index down by 109 points closed at 4189 points, while France and Germany indexes dropped by 113 and 214 points respectively.

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