Yesterday in US mkts: Dow Jones lost 290 points or 3.6% at 7,841.7, NASDAQ drop 65 points or 3.9% at 1608, S&P 500 down 37.2 points or 4.3% at 833.
In Asia: China's Shanghai Composite was down 0.72% or 18.31 points at 2,539.14. Hong Kong's Hang Seng slipped 3.70% or 582.45 points at 15,168.46. Japan's Nikkei tumbled 3.35% or 299.06 points at 8,625.69. Singapore's Straits Times fell 2.87% or 53.77 points at 1,821.08. South Korea's Seoul Composite shed 1.97% or 26.33 points at 1,310.06. Taiwan's Taiwan Weighted declined 1.61% or 92.84 points at 5,688.82.
Indian ADRs plunged on the first day of the week. In Banking space, ICICI Bank was down 7.14% at $ 16.26 and HDFC Bank was down 5.93% at $ 67.13. In Telecom space, Tata Communication was down 2.74% at $ 22.36 and MTNL was down 2.69% at $ 2.89. In IT space, Wipro wad down 5.43% at $ 8.01, Infosys was down 3.11% at $ 27.11, Satyam Computers was down 2.66% at $ 1.83 while Patni Computers was up 0.9% at $ 6.71. In other sectors, Tata Motors was down 4.99% at $ 6.86, Sterlite Industries was down 3.51% at $ 7.69 and Dr Reddy’s Labs was down
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