Let's Get 7 in IELTS

European shares have opened sharply lower following dramatic falls in Asia that saw Tokyo's Nikkei index fall 11%. Global falls have largely wiped out the gains earlier in the week, as fears of recession cancelled out any optimism from the banking rescue package. London's FTSE 100 opened 5% lower while the Cac 40 in Paris was down 6%. On Wednesday, New York's Dow Jones index saw its worst one-day percentage fall on Wednesday since October 1987, closing almost 8% down Shares in Hong Kong shed 7.6%. Australian, South Korea and Indian indexes all fell by at least 4%.

Dear all
小弟要暫時離開大家一段時間!!!
前公司需要我的幫忙，我也想讓自己有一點時間好好休息一下！！
看到大家都忙於自己的事

The comforting words of Indian politicians and financial officials - offering reassurance about the stability of the country's economy - are now ringing a little hollow. The truth of the matter is India has been affected by the liquidity crunch - though arguably not as badly as other parts of the world have been. The downturn in the West now appears to have reached India's shores. The Indian stock market is the most obvious and evident victim of the global credit crunch - having lost over half of its value since the crisis began - billions of dollars of foreign funds were pulled out of Indian shares, as foreign fund managers scrambled to get their books in order. Concerns are growing here about a global recession and what that might mean for the 300 million strong Indian middle classes. Many Indian professionals have put their savings into the stock market and into mutual funds over the last few years, tempted by the spectacular returns they saw.