economics economy international markets

World markets down sharply after Dow drops below 9,000

By John Hockenberry, Adaora Udoji

Friday, October 10 2008

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European markets were taking a hit Friday morning. A wave of panic selling began on Wall Street last night, then ran through Asian markets with historic falls in Tokyo. The FTSE 100 plunged by more than 7 percent in early trading and trading was cancelled in Russia because of the uncertainty in other world markets.

Guest: Tom Hougaard, market analyst for City Index
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