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Overnight Markets: Wall Street drops amid continuing fiscal concerns

The Dow Jones shed 185 points after increased violence in the Middle East added to the negative sentiment.


The MSCI Asia Pacific Ex-Japan Index fell 0.8% to 435 as of 11:40 a.m. in Tokyo. Hong Kong’s Hang Seng lost 0.8% and China’s Shanghai Composite declined 0.3%. Japan’s Nikkei 225 Stock Average rose 0.9% as the yen fell.

Australia’s S&P/ASX 200 Index lost 1%, led by BHP Billiton. Singapore’s Straits Times lost 0.7% and South Korea’s Kospi declined 1.4%.

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5 comments so far. Why not have your say?

joe stalin

Nov 15, 2012 at 08:24

The world is coming to an end oh dear but then it is options expiration tomorrow.

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Nov 15, 2012 at 08:57

What fiscal cliff. It would not happen. The market needed a correction and everyone is blindly blaming the fiscal cliff.

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joe stalin

Nov 15, 2012 at 09:05

Oh dear and now we have beetr than forecast GDP data from Europe! What a disaster oh it must be a conspiracy so dont believe it or at least not until Monday anyway. These markets are a joke. Of course the fiscal cliff is not going to happen it does not stop every man and his dog in the financial media from hyperventilating over it.

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an elder one

Nov 15, 2012 at 09:40

It's all a fiddle by manipulators so they can buy in cheap.

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Nov 15, 2012 at 14:26

Elder one, I disagree.

I just sit on the sidelines, and I am not selling so how can I be manipulating, except by keeping my money in my pocket until the price is right (for me)?

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