WORLD REPORT

1. Good morning. I’m Duaike Smith. This is the world report. In the news today, falling markets in Asia
and Europe. Continuing fears about the global economy are pushing international stock markets
down today. Hong Kong’s benchmark index has lost nearly 3 percent, while Japan’s Nikei index droped
one and half percent. European markets are also opened lower this morning. Yesterday worried invester
sent north American market plunging. CBC’s business reporter Mary Bultruck has the details.
There is no stemming the sell-off on the stock markets this morning. All major Asian markets are
lower. Shanghai’s main index is leading the loses with drop about 4 and a half percent. The cue for
all of these whole came from the north American trading yesterday, where Wall Street erased all of
the games may over the last eleven years. The Doi Jones industrial average is now cleaning to 7 thousand
points after dropping nearly 3 and a half percent on Monday. The index hasn’t been slowed since
October 1997. Here at home, the major sectors that make up the TSX composite combined the
Pullpy index down to its lowest close in more than 5 years. Everything from banks to oil companies
took major hits. Analyst says after months of governments and central banks tried to reign in the
global financial crisis. Investors are finding no concrete reason to be optimistic. (Mary Woturos, CBC
News, Toronto)