22 August, 2008

European equities markets were down again on Tuesday.

In London, the FTSE 100 was down 2.38 percent to 5,320.4 while the FTSE 250 fell 2.81 percent to 8,867.6.

House builders, the related buildings materials sector and the real estate sector were all lesser as Wolseley (LSE: WOS) led decliners on the 100 with a fall of 8.62 percent and house builder Taylor Wimpey (LSE: TW) had the major loss on the 250 as it dropped 9.63 percent.

The FTSE Euro first 300 decreased 2.5 percent to 1,159.39 while the Dax was dropped 2.34 percent to 6,282.43, the CAC-40 dropped 2.61 percent to 4,332.79 and the IBEX was 2.93 percent lower to 11,335.3.

Most equities markets in the Asia-Pacific region were also lower on Tuesday.

In Tokyo, the Topix index was down to a four-month low as it decreased 2.23 percent to 1,235.54 while the Nikkei 225 fell 2.28 percent to 12,865.05 but the Mothers market of small and mid-caps gained 0.38 percent to 444.24.

In Australia, the Sydney Ordinaries was 2.24 percent lower to 4,930.4 while the S&P/ASX200 decreased 2.38 percent to 4,866.4.

Somewhere else in the region, the Taiex dropped 0.32 percent to 6,978.6 while the Sensex was down 0.7 percent to 14,543.73, the Kospi was 1.68 percent lower to 1,541.41, the Straits Times Index decreased 1.75 percent to 2,728.39 and the Hang Seng fell 2.13 percent to 20,484.37.

The Shanghai Composite bucked the development, adding 1.06 percent on the session to 2,344.47.

In early afternoon trade in New York the Dow Jones Industrial Average was down 0.9 percent to 11,376.07 while the Nasdaq Composite fell 1.01 percent to 2,392.63 and the S&P 500 was 0.76 percent lower to 1,268.93.

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