Among the big decliners, Yahoo Japan(YAHOF Quote) lost 9.3%, to 38,850 yen, while Kobe Steel(KBSTY Quote) fell 8.5%, to 311 yen, and Sony(SNE Quote) was 6.9% lower, at 5110 yen.
The price of gold fell 1.7%, to $867 an ounce in Asian trading. Traders say that the price of the yellow metal is now following the lead of equity price movements, rather than acting as a hedge against them. Other markets in Asia fared equally badly. The Taiwanese Taiex, which has gained the most in the region this month after a recent China-friendly election victory, lost 528 points, or 6.5%, to 7581. The Korean Kospi fell 74 points, or 4.4%, to 1609. In India, markets continued a drop for the second day. The Bombay Sensitive Index fell 875 points, or 5%, to 16,729.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,226.94 | 1,093.07 | 2,154.06 | 34.86 |
Oil *
77.65
|
|
UP
203.52
|
UP
23.77
|
UP
41.62
|
DOWN
0.17
|
10 Yr
3.49%
SPDR Gold
108.19
|
|
+2.03%
|
+2.22%
|
+1.97%
|
-0.49%
|
Data delayed 20 minutes |
