Word: indexable
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...first half-hour at the exchange, trading stops on all but three of the 250 listed Japanese stocks. "I've never seen anything like this," complains a trader. A downward spiral does not stop until 14.9% is chopped off the value ( of the Nikkei index. It is the worst one-day fall ever, eclipsing the 10% drop set off by the 1953 death of Joseph Stalin...
...investors have cabled sell orders, trying to dump shares in the British market. The Financial Times stock index drops 304 points by midday. Says a young dealer: "It is like opening a suitcase the wrong way and having all the contents spill...
...worst is over -- for now. A flood of buy orders propels an explosive rebound on the Kabutocho exchange. As each massive block of offered stock is snapped up, the trading floor erupts in applause. The Nikkei index makes a record gain of 2037.32 points...
After some swings, London joins the uptick. A Monday-Tuesday loss of $155 billion in stock values is dented by a hefty $48 billion recovery. The one-day stock-exchange index leaps 142.2 points, to 1943.8, a record increase...
Traders at the 100-year-old exchange remain nervous. The market's index sinks 6.7%, from...