Japans Nikkei stock average fell 4.5 percent on Monday, its biggest one-day fall in over 2 months, as automakers tumbled after a US task force rejected the restructuring plans of General Motors and Chrysler LLC. In a stunning reversal for management at both automakers and GM investors and creditors who had bet on a softer line, the Obama administration task force warned both firms could be put through bankruptcy to slash debts.
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- Index gains 86 points
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- Japan Prime Minister orders $100 billion economic stimulus
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- Latvia GDP drop could be more than 13 percent
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- low oil prices preventing vital investment
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- Malaysian shares down 1.3 percent
- Malaysian shares down 1.80 percent
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- Monday's midday trade: Wall Street up
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- Moody's
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- Mutual Funds Association of Pakistan
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