





Oil price drops, stock exchanges crumble
"After two falls of a historical dimension of the Wall Street Stock Exchange, it is inevitable for the Japanese shares to drop", analysts quoted by AFP declared.
In Hong Kong, the main index lost 6.97%, in Seoul - 7.16%, in Shanghai - 3.88%, in Singapore - 5.89%, in Sydney - 6.10%, while in Taipei, the fall was only 3.25%.
The US stock market has its worst day in the past 20 years on Wednesday, with Dow Jones losing 7.87%. European markets also recorded significant losses.
The oil price is still dropping on the Asian markets, for the third day in a row. The barrel of light sweet crude oil reached 73 dollars, the lowest price in 13 months and half the price of July, when it was 147 dollars.