Stock Prices Fall Around the World
STEVE INSKEEP, Host:
Tim Condon, the chief economist with ING Financial Markets in Singapore says investors in the region are bracing for more bad news.
M: I think the question on everyone's lips is who's next. And the worry is that this is not over and we're really in for a rough patch.
Major U.S. stock indices started the trading day lower Monday — a lot lower.
Investors reacted to the emergency sale of Wall Street investment bank Bear Stearns, as well as drastic actions by the Federal Reserve to shore up confidence in financial markets.
Related NPR Stories
Carbon-Trading Exchange Opens in New York March 17, 2008
JP Morgan Snaps Up Bear Stearns for $2 a Share March 17, 2008
Fed Takes Dramatic Steps to Avert Financial Crisis March 17, 2008
Federal Reserve Bolsters Wall Street Banks March 17, 2008
Winners and Losers in Bear Stearns' Downfall March 17, 2008