Markets
BSE Sensex tumbles for fourth consecutive day, closes down 259 points
By Shreyasi Das
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Posted 08 May 2008 @ 09:11 pm GMT
A stockbroker looks at his computer terminal at a stock brokerage firm in Mumbai, India. The BSE (Bombay Stock Exchange) Sensex tumbled 1.49 percent on Thursday to its lowest close in May, dragged down by weak global cues and inflationary concerns.
Elsewhere in South Asia, Pakistan's Karachi 100 ended down 0.46 percent at 14,388,52, but Sri Lanka's Colombo All-share and Bangladesh's Dhaka Stock Exchange advanced 0.16 percent and 0.42 percent to 2,646.96 and 3092.05 respectively.
Major Asian markets closed down on Thursday. Japan's Nikkei 225 slipped 1.13 percent to 13,943.26; Hong Kong's Hang Seng declined 0.63 percent to 25,449.79; Taiwan's Taiex fell 0.67 percent to 8866.62; South Korea's Kospi slid 0.32 percent to 1848; Singapore's Straits Times lost 1.77 percent to 3171.88; Indonesia's Jakarta Composite plummeted 0.24 percent to 2376.93; and Malaysia's Kuala Lumpur Composite ended down 0.53 percent to 1280.35.
However, China's Shanghai Composite advanced 2.17 percent to 3656.84.
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