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Tension observed in world stocks

05 August 2011 15:24 (UTC +04:00)

The Dow Jones index fell by 4.31% to 11.383.68. NASDAQ dropped 5.08% to 2,556.39, S&P 500 index slipped 4.8% to 1,200.07. Totally, S&P has started to decrease since July 25 and fell 11%. Alcoaâ€™s shares dropped 9.3%, Chevronâ€™s share â€“ 5.8%.

Decrease of prices caused the TV channels â€“ ABC, CBS and NBC to broadcast the news programs immediately.

After America, the shaking comprised the Asian markets. MSCI Asia Pacific index has decreased by 4% since the start of auctions on August 5. Consequently, the decrease reached 10%. MSCI has lost 8%, last week. Hang Seng index dropped 4.29%, Korean Kospi index â€“ 3.7%, Shanghaiâ€™s SSE Composite index â€“ 2.15%, Japanâ€™s Nikkei 225 â€“ 3.27%.

European stocks decrease too. FTSE 100 slid 2.2%, French CAC index â€“ 1.6%, German DAX â€“ 1.9%. Generally, all 18 main fund indexes fell. Generalized Stoxx Europe 600 also decreased by 0.6%.

Experts say investors understood the reasons of decrease of US Economy. According to iShares-BlackRockâ€™s spokesman says that, the factor disturbing the investors is the saving of budget in Europe and US and being of interest rates to equal.

Other experts say that, the investors are afraid of it. According to them, all thought that, the ceiling on government debt would solve the problem: â€œBut, it seems, everyone has forgotten the weak economyâ€.

Raw materials market also decreased. Prices of oil and other raw materials fall. Brent crude dropped to $105. Texas oil reached $ 86.06. Gold prices rise. The gold was sold for $ 1 684.8 / ounce.