Bucharest stocks exchange on major fall, Moscow suspends sessions, markets worldwide on fast decrease

The Bucharest Stock Exchange opened the session on Tuesday with an important decrease, following the Asian and Wall Street markets, after the House of Representatives slammed the 700 BN ballout suggested by the Bush administration. Romanian index BET lost 5.25% during the fist minutes of transactions, BET-C lost 5.16% and BET-FI decreased 6.49%. The general index lost 3% on Monday and the cash amount on the market decreased 27%, down to 4.12 million Euros.

At the same time, Asian markets lost massively due to the shock caused by the decision in the House of Representatives.

In London, Footsie lost 0.71% (34.21 points), in Frankfurt, DAX lost 1.36%, the market in Paris fell 1.99%, after losing 5.04% on Monday.

In the Asia – Pacific area, Tokyo lost 4.12%, Sydney – 3.40%, Hong Kong – 5.59% on the opening and Taipei – 6.16%.

The two stock exchanges in Moscow saw the sessions suspended immediately after opening.