The Demo Site

Following the collapse of Wall Street, stock markets in Asia Pacific also fell in early trading come this weekend. Investor rollicking abandon risky assets and seek a safer place for investment.

In trading Friday (05/07/2010), the Nikkei index opened lower and at 7:30 pm carrying tumbled to 437.2 points (4.09%) 10258.49. Australian Stock Exchange also declined, with the index S & P / ASX fell 2.78% to open. "The reason behind the fall of stocks today are known to all that is Greek. Market factoring the possibility of the Greek problem will spread to Spain and Europe,: said Hideaki Higashi, analyst at SMBC Friend Securities, as quoted from the AFP.

The volatility in Asian stocks after Wall Street hit the panic following the collapse of the stock index up 9% in the last two hours of trading, before finally getting better. Technical error was suspected to trigger the collapse of Wall Street, including fears of debt crisis problem in Europe.

A rumor says, the fall of the Dow Jones allegedly because there is a broker who mistakenly entered the order of Citigroup shares of Procter and Gamble should have 16 million write 16 billion.

"At this point, we do not yet have evidence that Citigroup was involved in the transaction errors," said company spokesman Stephen Cohen.

But in trading Thursday (05/06/2010), the Dow Jones closed slumped 347.80 points (3.20%) to the level of 10520.32. Index Standard & Poor's 500 index also fell 37.75 points (3.24%) to a level of 1128.15 and the Nasdaq slumped 82.65 points (3.44%) to a level of 2319.64.
image: jawapos