Global stock markets downbeat, despite US auto bailout

NEW YORK: Global stock markets last week remained struggling in the grip of negative trend, despite US and Japan cut down in interest rates and US approval of $17.40 billion auto bailout package.The investors all across the world this week remained cautious and preferred selling the shares for profit taking. At the end of this week, US Dow Jones index eroded 50 points, while NESDEQ index gained by 20 points. In the Asian markets this week, Japan’s Nikkei-225 index crashed by 239 points, while Hong Kong’s Hang Seng index by 236 points. And India’s Sensix-30 index was seen breaching 10,000 marks at the end of the week, closing at 10099 points. European stock markets also this week remained in sagging mood, as France’s CAC-40 index dropped by 32 points and in Germany dipped by 22 points, while Britain’s FTSE-100 index rose by 7 points.