Asian markets fall again. Oil price drops under 60$

Vineri, 7 noiembrie 2008, 11:58 English | Business

The Tokyo Stock Exchange closed with a 3.55% drop, recovering after a 7% fall on the opening, Nikkei lost 316.14 points, down to 3,583 points, mainly because of the pessimistic forecasts of Japanese companies, including the giant car producer Toyota.

The Hong Kong indicator lost 3.14% on Friday, while the Sydney Stock Exchange opened with a 4% decrease.

NYSE closed on Thursday in the middle of a free fall, expecting the official announcement on the US unemployment rate. Dow Jones lost 4.78%, Nasdaq - 4.43%,

The price for the oil barrel dropped to 59.97 dollars on the Asian markets on Friday, making the total price decrease rise to over 10 US Dollars in just two days.

The US Energy Department weekly report indicates a new decrease in the American consumption.