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转自 vancouversun.com
Toronto stock plunge after sell-off in Asia and Europe
Canwest News Service
Published: Monday, January 21, 2008
OTTAWA_- Canadian stock markets plunged more than 500 points on Monday - biggest one-day dip since 9/11 - following in the wake of steep losses in Asia and Europe.
Just before 11am ET, the Toronto Stock Exchange's S&P/TSX composite index was down 542.81 points, or 4.26 per cent, to 12,194.57. That beats the one-day drop on Sept. 11, 2001, when the benchmark fell 295.90 points to 7,048.80, a drop of 4.03 per cent.
The losses fall on the heels of last week's nearly 1,000-point loss on the TSX Composite Index.
"I think it's going to be extremely ugly," said John Stephenson, senior vice-president of First Asset Investment Management in Toronto.
In early trading Monday overseas, London's FTSE 100 fell to its lowest level since June 2006. Japan's benchmark Nikkei closed at a two-year low, while Hong Kong's main index tumbled six per cent and Indian shares tumbled close to 11 per cent in suffering their biggest intra-day points fall.
Even commodities joined the sell-off, with the spot price of gold at a two-week low in London and the price of a barrel of oil dipping below $89 US after touching the century market at the beginning of the month.
U.S. stock markets were closed on Monday for Martin Luther King Day.
So far, the selling appears to have been orderly and not driven by mass panic, said Stephenson, which means it may be too early to go searching for bottom picking opportunities.
"There's not enough blood in the streets yet, although there might be after today," Stephenson said.
The Canadian dollar was off 48 basis points to 96.85 cents US.
With files from Financial Post |
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发表于 2008-1-22 04:02:07
发表于 2008-1-22 09:55:13
发表于 2008-1-22 11:47:46
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