Apr
28

World stock markets fall as fears grow Greece

by admin, under Main News

The Dow Jones industrial average fell 213.04 points, or 1.9% to 10991.99. It was the most dramatic decline for the index since February 4, when it fell 268.37 points, also on concerns about debt problems in Europe.

Meanwhile, the index Standard Poor #39; s of 500 stocks fell 28.34 points, or 2.3% up to 1183.71 points and the Nasdaq composite lost 51.48 referent whole, 2%, to 2471.47.

“It was a reaction to the downside,” said Brian Peardon, a wealth adviser Harrison Financial Group in Citrus Heights, California.

Only 498 stocks rose on the Stock Exchange of New York, which declined against 2592 title. Consolidated volume was 7,500 million shares.

Meanwhile, oil prices also fell. A barrel of light crude low sulfur for May delivery fell $ 1.76 to trade at $ 82.44 a barrel.

The International Petroleum London, Brent North Sea depreciated $ 1.05 to close at $ 85.78 a barrel.

In Europe, the FTSE 100 UK companies lost more capitalized 150 33 points (2.6%), to close at 5603.52, while Germany”s DAX index sank 172.59 points (2.7%) to 6159.51. The CAC-40 index of the Paris Stock Exchange lost 152.79 points (3.8%), to end at 3844.60.

“The situation in the Greek financial market has fallen into chaos, “said Jeremy Batstone-Carr, director of research for private clients of brokerage Charles Stanley.

” Investors hate delays during times of crisis … two weeks is too long to wait in times of crisis, “an allusion that Greece will make its next series of loan repayments on 19 May. Still remains a mystery if get the money in time.

was also being eroded confidence in the Chinese front, where the government has taken several steps in recent months to bring down prices property and prevent bubbles in the market.

In Asia, the barometer Hang Seng in Hong Kong fell 1.5% to 21261.79 and the Shanghai, the main benchmark in China, fell 2.1% to 2907.93.

In Japan, the Nikkei 225 index managed to weather the regional and reversed early losses to add 46.87 points (0 , 4%) and close at 11212.66.

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The Associated Press reporter Jeremiah Marquez in Hong Kong contributed to this report.

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