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Wednesday, November 21, 2007

NEWS: Nikkei Closes Off Worst Levels, Down 373.86 Pt Or 2.46%

November 21. The Nikkei closed at 14,837.66 or down 2.46% on the day. It was down close to 3% at one point to 14,770.22. The early high was 15,154.31 just after the open. TOPIX closed out the session at 1438.72, down 30.55 points or 2.08% on the day. Sell recommendations for Societe Generale and Credit Suisse shares from Goldman Sachs helped increase the negative tone in early afternoon trading. This was followed by comments from ex-Fed Greenspan that moves to fix the subprime mess had halted. Other bourses in the region also saw major losses.

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