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World market indices go down

20 November 2008 08:55 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. the Dow dropped 427.47, or 5.07 per cent to 7,997.28, the S&P 500 fell 52.49, or 6.11 per cent to 806.63 and NASDAQ gave 96.85, or 6.53 per cent to 1,386.42.
European stocks ended sharply lower Wednesday, with the FTSE 100 index in London down 4.82%, the CAC 40 index in Paris lower by 4.03%, and Germanyâ€™s DAX index slumping 4.92%. Asian equity markets finished mixed, with Tokyo stocks down 0.66%, Hong Kong lower by 0.77%, and Shanghai surging 6.05%.
Exxon Mobil and Chevron both gave up 3.8 per cent. ConocoPhillips slumped 7.1 per cent. Oil field engineering and services firms Schlumberger dropped 5.8 per cent and Halliburton lost 8.4 per cent despite saying it was well position to weather the economic downturn.