INVESTORS' FEARS DEPRESS INDEXES AROUND THE WORLD.Byline: Associated Press From Hong Kong to New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , global stock markets Friday were roiled by investors skittish skit·tish adj. 1. Moving quickly and lightly; lively. 2. Restlessly active or nervous; restive. 3. Undependably variable; mercurial or fickle. 4. Shy; bashful. about economic woes in countries as varied as Russia and Venezuela. Unease about U.S. strikes on suspected terrorist targets in Afghanistan and Sudan also took its toll. In Brazil, trading was temporarily halted on the Sao Paulo Stock Exchange Sao Paulo Stock Exchange See: Bolsa de Valores de Sao Paulo , South America's largest, after its key index tumbled 10 percent, automatically suspending trading for the first time this year. Helping spur the sell-off: Wall Street's sharp decline, with the Dow Jones industrial average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. plummeting 283 points, then rebounding to close with a loss of 77.76 at 8,533.65. In Russia, the main stock index continued its downward spiral, falling 5.6 percent. The government, struggling to repair the ailing economy, effectively devalued de·val·ue also de·val·u·ate v. de·val·ued also de·valu·at·ed, de·val·u·ing also de·val·u·at·ing, de·val·ues also de·val·u·ates v.tr. 1. To lessen or cancel the value of. its currency Monday, sending shudders throughout emerging markets. Prices also plunged on Europe's biggest stock markets. Frankfurt's blue chips took the biggest hits, finishing down 5.4 percent after being off as much as 6 percent, on concerns that Russia's economic troubles could prove painful to German banks. The London and Paris markets lost more than 3 percent each, with red ink red ink Health administration A popular term for financial losses. Cf in the Black. spreading wildly through smaller exchanges across Europe. Mexico's currency, the peso, plunged to an all-time low against the dollar. The peso closed at a midrate of 9.74 per dollar, off from 9.345 a day earlier. ``You'd have to call it a panic,'' said Eduardo Estrada Lopez, economist at Grupo Financiero Bancomer. The Mexican Stock Exchange's key IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. index was down 3.2 percent. CAPTION(S): 2 Photos PHOTO (1--Color) A woman buys vegetables from one of several produce vendors on a street in Moscow. Ivan Sekretarev/Associated Press (2--Color) A trader grimaces while working on the floor of the stock market in Sao Paulo, Brazil, on Friday. Dario Lopez-Mills/Associated Press |
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