Equity Alert: Asian markets end down on AIG downgrade; banks hit
MUMBAI--3:20PM--Key Asian markets ended down today on concerns
over
financial markets after the collapse of Lehman Brothers Holdings and a
debt-rating downgrade of American International Group.
Financial shares were the worst hit with Japan's Mitsubishi UFJ
Financial
Group falling 7.7%, and Australia's Babcock & Brown sank 34%.
.
Index Last level Change in %
Japan's Nikkei 225 11609.72 (-)4.95
Taiwan's Taiex 5756.59 (-)4.89
Hong Kong's Hang Seng 18300.61 (-)5.44
South Korea's Kospi 1387.75 (-)6.10
Singapore's Straits Times 2461.43 (-)1.01
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