Massive depreciation on international markets. London, Paris and Frankfurt stock exchanges fall

Miercuri, 8 octombrie 2008, 11:51 English | Business

International stock exchanges registered significant drops starting early on Wednesday, as global investors panic despite all announced measures to help the financial system redress. Thus, stocks in London, Paris and Frankfurt register massive falls after Asia-Pacific stocks suffered important losses, influenced by the Wall Street chaos. 

Sofia's stock exchange was, on Wednesday, dropping by 8.16%.

The Footsie -100 London index lost 7.82% despite the fact that the British government announced a plan to support the financial system in the UK. The German stock opened with a drawback. The Dax index of the Frankfurt stock dropped by 5% since Tuesday, registering the lowest value since September 2005.

In Turkey, the IMKB index dropped by 6.72%. In Moscow, stock exchanges shut down on Wednesday morning after 35 minutes of session due to massive falls. Micex lost 12.52% and RTS dropped by 8.65%.

The Saudi Arabia stock opened with a drop of 7.5% and its index fell below 6,000 points for the first time in the last 52 months.