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Print Print 2007-08-11

Closing stock market indices

Major stock markets outside the United States ended on Friday.
Published August 11, 2007

Major stock markets outside the United States ended on Friday.
EUROPE SOTCKS EXCHANGE: European shares suffered their biggest one-day percentage fall since February, fuelled by fears of a liquidity crisis stemming from problems in the US subprime mortgage market.
The pan-European FTSEurofirst 300 index closed down 3.04 percent at 1,479.40 points, matching the one-day percentage drop on February 27, when global equities tumbled, sparked by a sell-off in Chinese markets. Banking shares were among the worst hit with Barclays down 6.4 percent, ABN Amro down 3.5 percent and Societe Generale down 5 percent. Mining stocks such as Rio Tinto and BHP Billiton slid more than 6 percent amid falling metal prices as investors feared a possible credit crisis could affect the overall economy, hampering growth.
FRANKFURT SOTCKS EXCHANGE: The DAX index ended at 7343.26 points, down 110.33 or 1.48 percent on the day, shedding 92.41 on the week.
PARIS SOTCKS EXCHANGE: The CAC-40 index closed at 5448.63 points, down 176.15 or 3.13 percent, ditching 149.26 points over the week.
ZURICH SOTCKS EXCHANGE: The Swiss market index closed at 8565.52 points, down 239.8 or 2.72 percent, dropping 105.91 since last Friday.
MILAN SOTCKS EXCHANGE: The All Share Mibtel index closed at 30418 points, down 775 or 2.48 percent, losing 497 points since last weekend.
SYDNEY SOTCKS EXCHANGE: Shares slid 3.72 percent in the biggest one-day percentage drop since September 17, 2001, as a deepening of the US subprime mortgage sector woes hit financial shares such as Macquarie Bank. The S&P/ASX 200 index fell 229.6 points to 5,936.0. Decliners outpaced advancers 1,952 to 475 in the broader market. The index fell 85 points on the week to post its third straight weekly decline.
JOHANNESBURG SOTCKS EXCHANGE: South African markets reeled, caught in the global flight from risky assets sparked by credit worries, with the JSE's blue chip top-40 index shedding 166.5 billion rand ($23.22 billion) in market capitalisation. The All-share index closed at 27076.3 points, down 1132.65 or 4.02 percent on the day with 505.71 points dropped in the week. The All Gold index closed at 2274.06 points, down 33.79 or 1.46 percent, discarding 246.93 points since last Friday. The Industrial index closed at 19290.52 points, down 572.95 or 2.88 percent, losing 173.23 over the week.

Copyright Reuters, 2007

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