Sep 30 – The Dow’s worst day in history enveloped Asia early Tuesday, as regional officials and investors looked to stem the slide.
The rejection of a $700 billion financial bailout plan by Congress sent U.S. shares tumbling, and Asia stocks dived in response to 2008 or multi-year lows.
Dan Sloan reports.
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Asia dives on bailout failure
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- Japan’s Prime Minister regretted the failure of the US rescue plan.
- The failure will not effect the global economy.
- Japan will consider additional economic measures.
- Japan alone will try and prevent a global financial system collapse.
- The global financial system is at a standstill.
- Millions of dollars are being put into the system.
- The US dollar is continuing to go down against the yen.
- Gold is stable.
- People are buying gold.
- The reporter is in Hong Kong.
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