Nikkei 225 drops to lower level, DJIA retreats

The Dow Jones Industrial has remained above 10000 points

In brief: The Dow Jones Industrial Average and the Nikkei 225 index suffered a sell-off yesterday, the Open Knowledge analysts reported.

U.S. asset sales resumed today due to fresh information from the housing market. According to the National Association of Realtors, U.S. home sales in the secondary market collapsed by 27% with the forecast decline of 12%.

DJIA falls below 10000 points in the yearly afternoon. By the end of trading, DJIA index dropped by 1.32% to 10,040.45 points, the broad market index SnP 500 fell by 1,45% to 1051.87 points. The Japanese Nikkei 225 index dropped to its lowest level in 16 months after the yen/dollar ratio reached a 15-year high under the condition of negative data on home sales in the U.S., heightening concerns about slowing global economic recovery. It is worth noting that the Nikkei index fell by 1.1% to 8 900,00 points, reaching lowest level during the trading session, with May 1, 2009 value of 8 889.24 points. Topix retreated by 1% to 809.46 points.

Dmitriy Srebnev
2010-08-25 07:20, Economics.

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