World Stock Markets drops

Indexes fall hard on bloody Friday
Hang Seng ends below 13,000, Sensex under 9,000, Nikkei below 8,000 and Kospi beneath 1,000

By V. Phani Kumar, MarketWatch

Last update: 7:24 a.m. EDT Oct. 24, 2008Comments: 423HONG KONG (MarketWatch) -- Asian markets were mauled Friday, with Japanese, Indian and South Korean indexes slumping more than 9.5% each to end below crucial psychological milestones as fears of a global recession swept across the region. Benchmarks in Hong Kong, Australia, Singapore and Taiwan dropped to their lowest levels in at least three years.
Japan's Nikkei 225 Average sank 9.6% to end at 7,649.08, a closing level it hasn't seen since April 29, 2003. The benchmark is now valued at less than a fifth of its all-time high of 38,915.87, which it touched in December 1989

- Tokyo's Nikkei 225 index closed the lowest since October 1982.
- Hong Kong's Hang Seng Index tumbled , its lowest close in more than four years
-The Shanghai Composite Index lost 72 percent from its peak about a year ago.
- India same as China lost around 70%


Indian Stock Market data:
asr: Index Bombay sensex BSE lost 60% in 9 months.



The price to earnings ratio P/E, a measure used to value a company's shares in relation to its profits, for the 30 stocks on the benchmark has dropped to 8.83 from 31.16 in January, when the index hit a record, according to data compiled by Bloomberg.

The centuries-old tradition of seeking blessings at Diwali has taken on added impetus this year after the destruction of $1.3 trillion in investor wealth, more than India's annual economic output

The Sensex's plunge this year, after doubling in the past two years, has made stocks in Asia's third-largest economy cheaper, 27-year-old Hardik Chheda said in Mumbai.




While the Sensex, which tanked to a low of 8566.82 in afternoon trade, ended with a massive loss of 1070.63 points or 10.96% at 8701.07,
In Jan/2008 BSE sensex was 21,000
asr: so it lost 60% in 9 months , wow losing 60% in one year , that happens only in developing countries , in US/Europe it seems max loss may be 40% so far...