Far East stock markets slide after Wall Street plunge
Prices tumble across Tokyo, Hong Kong, Sydney, Auckland, Manila, and Bangkok as New York's Friday 190 point drop echoes worldwide. Nikkei dives 1.84 percent to 34468.69 while Tokyo turnover lumbers at 0.52 billion shares. Analysts call the move psychological but expect limited further losses.
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Wall Street
New York
Tokyo
Hong Kong
New Zealand
Far East
Paris
London
Tokyo Stock Exchange
Michio Katsumata
Nomura Securities Co
Japan
Stocks Rally Crashes Echo 1987 Crash As Dow Drops 508
Stocks continued lower on Monday with the Dow losing 508 points marking a 22.6 percent drop after Friday's 109 point decline. Experts downplay parallels to 1987 but cite a selloff sparked by the URL deal collapse and investor nervousness over financing for takeovers. Circuit breakers and trading safeguards, shaped after 1987, could halt or slow activity. exchanges warn they are meant to calm markets, not stop declines.
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Dow
Wall Street
Sharon Gamsin
New York Stock Exchange
Gamsin
Heavy selling hits London stocks on Wall Street fears
London markets opened lower as global spillover from Friday’s Wall Street plunge triggered heavy, orderly selling. The Financial Times 100 shed 195.4 points to 2038.5 and the top 30 fell 141.3 to 1673.7 amid heavy volume, with losses across European bourses including Paris and Frankfurt.
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London
UPI
London International Stock Exchange
Wall Street
Financial Times
Far East
Paris
Frankfurt
Bank of England
Nigel Lawson
Lawson
Alan R. Ackerman
Gruntal & Co
Wall Street firms secretly taped trader calls after 1987 crash
New York Magazine reports several top firms began secret tape recording traders’ calls with customers after the 1987 crash to sort disputed trades. Recording aided settlements but was seized in insider-trading probes. Firms like Merrill Lynch Kidder Peabody and Prudential Bache taped since Oct 1987 with customers unaware. Critics say it eroded trust while legal experts note one party consent laws.
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New York
UPI
Wall Street
New York Magazine
Merrill Lynch & Co
Kidder Peabody & Co
Prudential Bache
Princeton- Newport Partners
New Jersey
Ivan Boesky
Drexel Burnham Lambert
Princeton-Newport
Exchange
Salomon Brothers
First Boston Corp
Drexel
Smith Barney
Harris Upham & Co
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Sony
TDK
Toyota
Nissan
Precision Instruments
Canon
Nikon
Eileen Leffelman
RMT
Patrick VanKampen
Westwood Sports Center
Sterling, IL
DieLa
Die Center
Cheryl Buffington
the Atrium
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N. Galena
Dixon
Sydney
Sydney Stock Exchange
Michael Hughes
BZW
UAL
B.A.T. Industries
Europe
Eurotunnel
Beghin Say
Credit Lyonnais
BIS
Stock Exchange
Pierre Beregovoy
Beregovoy
First Bank
Bob Eston
Denise Considine
Vicki Carlson
Scott Dixon
Larry Woessner
Katie Heninger
Ken Urban
Steve Kroeger
Jill Resnick
Dixon, Sterling, Polo
SRA
FDIC
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