I just keep hearing it. “Babylon is falling.” I need to read Rev. 17, but the god of mammon is taking a beating.
Posted: 10:06 PM ET
(CNN) — The Hong Kong stock exchange opened nearly 5.5 percent down Tuesday, following suit with other Asian and Pacific markets after the U.S. House of Representatives failed to adopt a Wall Street bailout measure, triggering the largest point drop in U.S. market history.
The Japan’s Nikkei Index was down 4.63 percent while the Australian Securities Exchange fell 3.4 percent.
The Korea Exchange in Seoul, South Korea, was down 3.47 percent.
The American stock market was down almost 778 points at closing — just under 7 percent. (Actually, it fell 777 points or 7% – God is in this).
Dow takes record fall after bailout fails
Stocks skidded this afternoon, with the Dow’s nearly 778-point drop being the worst single-day point loss ever, after the House rejected the government’s $700 billion bank bailout plan. developing story