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Asian Stocks Tumble on Bear Stearns News
Summary from United States, from articles in English
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Major Asian stock markets fell sharply in early trading on Monday as pessimism continued to spread despite the Fed's dramatic moves over the weekend, sending Tokyo's benchmark index to a three-year low. (article 2)
In Europe, the U.K's benchmark FTSE 100 index dropped 1.9 percent to 5,667.5, while Germany's DAX slipped 2.4 percent to 6,443.59. (article 1)
" U.S. dollar lows as well as record high oil prices are... adding to woes as the market begins to head south following strong gains at the start the week said Nick Mitchell (article 1)
JPMorgan said Sunday it would acquire Bear Stearns for $236.2 million und or $2 a share und in a deal that represents a stunning collapse for one of the world's largest and most venerable investment banks. (article 3)
Wall Street plunged anew Friday after a near meltdown at Bear Stearns Cos. handed investors the unwelcome confirmation that the credit market's troubles are far from over. (article 7)
Word that the investment bank needed rescuing touched off a wave of selling that left each of the major indexes down more than 1.5 percent on the day; the Dow Jones industrial average fell nearly 200 points. (article 7)
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Other summaries about this story:
Other stories about Bear, Stearns and Fed:
Event tracking:
Story keywords
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Bear, Stearns, Fed, banks, Financial |
Source articles
- Global Markets Tumble (Washington Post, 03/16/2008, 273 words)
- Major Stock Markets in Asia Tumble (nytimes.com, 03/17/2008, 212 words)
- Asian Stocks Tumble on Bear Stearns News (Washington Post, 03/16/2008, 324 words)
- Asian Stocks Tumble on Bear Stearns News (Washington Post, 03/16/2008, 363 words)
- Asian stocks fall sharply Monday (boston.com, 03/16/2008, 332 words)
- A Wild Ride Ends in Neutral (nytimes.com, 03/16/2008, 173 words)
- ABC News: Stocks Drop as Bear Sterns Shakes Market (ABCNews, 03/15/2008, 357 words)
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blaster@cs.columbia.edu
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