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The Conflict Between Korea And Korea Shook The Global Market &Nbsp; &Nbsp; European And American Stock Markets Fell Sharply On Tuesday.

2010/11/24 8:46:00 37

The Global Market For Conflict Between Korea And South Korea Fell Sharply In Europe And America On Tuesday.


yesterday

Korea and Korea

Sudden outburst

military conflict

Trigger

Global

Financial markets everywhere

Great turbulence


Affected by this incident and the European debt crisis,

US stock on Tuesday

comprehensive

Fall

As of 4:00 p.m. Eastern time, the Dow Jones Industrial Average fell 142.21 points, or 1.27%, to 11036.37 points, while the Nasdaq composite index dropped 37.07 points, or 1.46%, to 2494.95 points. The standard & Poor's 500 index fell 17.11 points, or 1.43%, to 1180.73 points.


  

European stock

The market continued to be suppressed by concerns about the possible expansion of the euro zone sovereign debt crisis on Tuesday. The news of the escalation of the Korean Korean conflict into artillery warfare further widened the decline in the European stock market, while the pan European Dow Jones index closed down at 263.62 points Tuesday, or 1.54%.

Financial and mining stocks suffered heavy losses.

On the main regional index, the FTSE 100 index fell 1.75% to 5581.28 points, the French CAC 40 index fell 2.47%, reported 3724.42 points, and the German DAX 30 index fell 1.72% to 6705 points.


Major Asian Pacific stock markets fell on Tuesday.

At the close, the Australian stock exchange common stock index closed at 4676.9 points, down 54.9 points, or 1.16%.

South Korea's Seoul composite index was 1928.94 points, down 15.4 points, or 0.79%.

The New Zealand 50 index closed at 3258.77 points, down 37.86 points, or 1.16%.

Taiwan's weighted index closed at 8330.15 points, down 44.76 points, or 0.53%.


The domestic A share market was not spared. As of Tuesday's close, the Shanghai stock index reported 2828.28 points, down 56.09 points, or 1.94%.


Hongkong's Hang Seng Index fell below the 50 day moving average and the 23000 point mark, closing the market since October 8th, exceeding six Zhou Xindi, the overall decline over the past 6 months since May 25th, the largest decline, the third largest decline in the year.

At the close, the Hang Seng Index closed 22896.14 points, down 627.88 points, or 2.67%.


The strength and tension of the US dollar led to a decline in crude oil prices. The New York Mercantile Exchange's main oil contract in January fell 49 cents to $81.25 a barrel on Tuesday.

The contract closed at $81.74 a barrel on Monday.


The military conflict prompted investors to buy large amounts of gold to avoid risks. The New York Mercantile Exchange's main gold contract in December rose 19.80 U.S. dollars to close at $1377.60 an ounce, or about 1.5%.

The contract closed at $1357.8 an ounce on Monday.


The bombardment of the US dollar has turned the US dollar into a risk aversion asset and the US dollar has strengthened.

As of the end of Tuesday's foreign exchange market, the US dollar index, which tracks six major currencies, rose 79.69 at 79.69 points.

The euro fell to 1.84% against the US dollar at $1.3373.

The euro was trading at $1.3361 against the US dollar, the lowest level since the end of September, and the pound fell to 1.09% against the US dollar at 1.5782 dollars; the euro closed at 84.74 pence against the pound, down 0.76%; the US dollar was 0.9965 Swiss francs and 0.86% against the Swiss Franc; the Korean won against the dollar fell more than 2.5% on Tuesday, and eventually fell to 0.009 dollars, or 0.99%.


The commodities market was also hit by the incident. The benchmark London copper exchange benchmark contract fell to $8140/8145 per ton on March, closing at $8290 per ton on Monday.

The contract fell to $8050 a ton earlier, the lowest price since November 17th.

Compared with the record high of $8966 per ton in November 11, it fell by more than 10%.

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