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<Asia>APAC Stock Crash: SK Mkt Dives 8% w/ Won at 17Yrs+ Low; Indian Rupee Falls to Record Low
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Asia-Pacific stock markets slumped after international oil prices surged past USD110 this morning (9th) as multiple Mideast countries pared back oil production. Indian stock markets opened lower following global trends, with the Nifty 50 diving 679 points or 2.8% within the first half hour, at 23,770. The BSE SENSEX plunged 2.7%, at 76,762. Budgeted airline IndiGO cratered 6.6%. State Bank of India shed 6.4%. Coal India, however, rose over 1% against the trend. The Indian Rupee sank to 92.342 against the US dollar, marking a historic low. The Nikkei once plummeted more than 4,200 points during the session, with the latest drop of 3,695 points or 6.6%, at 51,924. The US dollar advanced to the 158 level against the Japanese yen, lasting at 158.77 per dollar. South Korean stock market saw narrowly widened loss. The KOSPI last plummeted 456 points or 8.2%, at 5,128. The Kospi 200 triggered a circuit breaker in the morning session. The Korean Won dropped to 1,492 against the US dollar, its lowest since early 2009. AASTOCKS Financial News Website: www.aastocks.com |
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