International markets roundup
Market watch top headlines
A roundup of trading on major world markets:
NEW YORK - US stocks sank in the second day of losses after President Barack Obama's re-election victory, trimming another one per cent after Wednesday's huge rout.
At the closing bell the Dow Jones Industrial Average lost 120.95 points (0.94 per cent) to 12,811.78.
The broad-based S&P 500 fell 16.99 (1.22 per cent) to 1,377.54, while the tech-rich Nasdaq Composite lost 41.71 (1.42 per cent) at 2,895.58.
The fall added to the Dow's 313-point drop on Wednesday - the biggest one-day loss in a year - one day after Obama defeated Republican challenger Mitt Romney at the polls.
LONDON - European stock markets closed lower and the euro edged down after European central banks held key interest rates at record low levels and debt-stricken Greece approved new austerity measures.
Financial markets are still concerned about how the Greek debt drama will unfold and that President Barack Obama's re-election has raised the spectre of a bitter fiscal stand-off in Washington.
London's FTSE 100 index of top companies closed down by 0.27 per cent at 5,776.05 points, Frankfurt's DAX 30 gave up 0.39 per cent to 7,204.96 and the Paris CAC 40 eased 0.06 per cent lower to 3,407.68 points.
The euro fell to $US1.2717 from $US1.2767 late in New York on Wednesday.
HONG KONG - Fears the US economy is facing another huge economic crisis spurred a sell-off in Asian markets as Barack Obama's re-election raised the spectre of another bitter stand-off in Washington.
Tokyo tumbled 1.51 per cent, or 135.74 points, to 8,837.15, Sydney fell 0.72 per cent, or 32.7 points, to close at 4,483.8 and Seoul lost 1.33 per cent, shedding 25.83 points to 1,911.09.
Hong Kong skidded 2.41 per cent, or 532.94 points, to 21,566.91 and Shanghai fell 1.63 per cent, or 34.22 points, to 2,071.51.
WELLINGTON - The NZX 50 Index rose 12.15 points, or 0.3 per cent, to 3955.24.