Скачать с ютуб ISRAEL: STOCK MARKETS в хорошем качестве

ISRAEL: STOCK MARKETS

(16 Apr 2000) English/Nat Investors worldwide are bracing themselves for a stock market dive on Monday after shares in America plunged at the end of last week - making it one of the worst weeks in Wall Street history. By the close of trading on Friday the Nasdaq composite Index had fallen a record 355 points, and the Dow Industrial had fallen a record 617. In a first indication of things to come, Tel Aviv's exchange, which is the only one to open on a Sunday, reported major drops right across the market - not just for volatile technology stocks. Israeli stocks were hit hard on Sunday after prices on the Tel Aviv Stock Exchange echoed last week's losses on the Nasdaq. By the close of trading last Friday, the Nasdaq composite index was down 34 per cent from its all-time high reached on March 10, and the Dow Jones Industrial Average was almost 10 per cent below it's January peak. Analysts say the fundamental reason for the drop in high-tech stocks is a growing sense that investors pushed prices too far last year, when the Nasdaq rose an unprecedented 86 per cent. The frenzy for technology stocks gave many young, unproven companies market values they did not yet deserve. Last week alone, Wall Street lost almost two (t) trillion U-S dollars in value - partly because of disillusionment with high-technology stocks. But many market watchers are optimistic last week's setback was minor, and technology stocks will continue to drive up world markets in the slightly longer term. If Tel Aviv's market is anything to go by, however, things could get worse before they improve. SOUNDBITE: (English) "Well, the market is dropping quite heavily today. We see falls, both in the blue chips and also in the second and third tier stocks. One has to admit the drops are concentrating in the technology sector as a result of what happened in Nasdaq last week, but it's not only the technologies that are dropping, it's all, the overall indexes are dropping as well." SUPER CAPTION: Eli Nachum, Analyst Among the concerns as the new trading week begins is whether there will be additional fallout from the heavy borrowing by traders to buy stock as the market's bull run became a stampede. As the sell-off took hold in the past month, many who bought stocks with borrowed money were forced to sell shares to meet collateral requirements for so-called margin debt. Those traders couldn't always find buyers for some of the more speculative issues and had to sell shares of more established stocks to meet margin calls from the brokers holding the loans. SOUNDBITE: (English) "Our market is the only market that opens on Sunday, and we are the only ones to react right now to the sharp drop at the end of the week on Wall Street. One will have to wait for tomorrow to see how European markets will react to these drops and how the futures on the Nasdaq will be traded on the day. And we'll have to wait and see for the opening on Wall Street tomorrow afternoon." SUPER CAPTION: Eli Nachum, Analyst In Europe, where trading ended as Wall Street shares were tumbling, key indexes fell 2.8 per cent in Britain, 3.2 per cent in France and 3.1 per cent in Germany. Other markets were also broadly lower. Japan's Nikkei stock average fell about 0.5 per cent before Wall Street trading began. The U-S economy has been expanding for a record 109 consecutive months, and it is showing few signs of levelling off. U-S policy-makers, concerned that too-rapid economic growth could spark inflation, have raised interest rates five times since June, but their efforts have done little to cool the economy. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...