Stocks Fall on US, European, Japanese Markets

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U.S. stock market indexes were down sharply in morning trading Friday. The Dow Jones Industrial Average and the S & P 500 were down 1.3 percent while the NASDAQ fell 1.8 percent.

European stock markets were sharply lower in afternoon trading. London's Financial Times index fell 2.7 percent and the CAC-40 index in Paris was off 3 percent. The DAX index in Frankfurt was down more than 1 percent.

Earlier in Asia, Tokyo's Nikkei Index fell 2.4 percent, or 407 points, to finish at 16,764. Hong Kong's Hang Seng Index fell nearly 3 percent - 647 points - to end at 21,793.

The price of gold rose more than $7 to trade at $669.60 cents an ounce.

The dollar was down against the yen and the euro. - VOA News

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Posted August 10th, 2007 by Dinka