Word: globalization
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Dates: during 2000-2009
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...Nikkei fell to a near 26-year low before rebounding and closing down just 0.7% on Tuesday. Hong Kong's Hang Seng retreated 2.3% and Shanghai's main index dropped 1.1%. Seoul's KOSPI, however, finished up 0.7%, with Taiwan's index also slightly higher. (See pictures of the global financial crisis...
...daily, weekly, or even monthly market activity for signs of where they or the stocks traded on them are headed. The reason? First off, if the selling frenzies that sent indices plunging by roughly 50% over the past year were initially driven by fears of possible collapse of global finance markets, that panic is now mostly being inspired by the world's dismal economic outlook. Because of that, many experts say, traders are coming to work scared, and looking for signs to confirm that terror. "Markets have lost points of reference, and are now acting on a combination of mega...
...that self-fulfilling spiral also means relative calm can follow bouts of chaos. Though the causes of Monday's global sell-a-thon remain unchanged, by Tuesday markets had mostly digested it all - and began looking for ways to pick up, muddle on, and possibly find a deal to be had in dumped stock. One reason for the bargain hunting is that investors know inordinately depressed markets mean there are deals to be had. "Half of the companies on Paris' CAC 40 have seen their stock fall to less than their equity capital - which makes no economic or financial sense...
...pictures of the global financial crisis...
...call rang out through Washington early on the morning of March 2: the biggest act of civil disobedience against global warming in American history would not, in fact, be snowed...