Update: Asian investors were right, Bush' bailout plan failed

Bush's US$ 700billion bail out plan for struggling banks did not get the House vote and this has sent US stocks tumbiling down like humpty dumpty. The Dow Jones Industrial Average (DJI) made its biggest single day fall ever with 777.68 points or 7% to close at 10,365.45. The S&P500 index plunged deeper with 106.62 points or 8.8% to close at 1106.39. NASDAQ fell 9.1%.

The biggest losers are finance stocks and most of them fell at least 40% and above. Below worst performing stocks (Source from Yahoo Finance, visit for more stocks list).



In Asia, after falling heavily yesterday, markets continue to plunge deeper, especially in the morning opening session. Most markets have rebounded. Below are the major indices performances today (Source from NextVIEW Advisor):







For analysis and commentaries in these markets, click on the country link below:

1. US
2. Hong Kong
3. Japan
4. Singapore
5. Malaysia
6. Thailand