Global stock markets U.S. Federal Reserve emergency rate cut Yujiu.

<P> Since the "9.11" since the global stock market turmoil, Federal Reserve Chairman Ben Bernanke has no room to wait for a week. .After two days of the world's major stock indexes tumbled after the Federal Reserve announced yesterday evening an emergency lower its benchmark rate 75 basis points to 3.5%. .This is the 18 years the single most significant Federal Reserve cut interest rates, the decision announced before markets opened in New York. .Nevertheless, the Beijing opening night of the New York Stock Exchange yesterday, still fall opening. .Dow Jones Industrial Average fell 300 points opened, fell below 12,000 points, followed by a rebound. .As of 0:14 today, down 70 points has shrunk to less than. .</ P> <P> global slump 48 hours </ P> <P> It: http://finance., The Federal Reserve cut rates before the crash remains the world's other major stock market tone. .As of yesterday afternoon, the day the transaction has been completed two days of major market indexes plummeted, many indices have been experienced since the "9.11" and the biggest setback. .The earliest opening of the world continue to plunge in Tokyo stock market yesterday. .The Nikkei slumped 752 points a day, to close at 12,573 points, down 5.65%, to close at lowest level in 28 months, is "9.11" and the biggest one-day drop. .Click to enter the United States subprime mortgage crisis topic """</ P> <P> subsequent closing of the Chinese A-share market is also unwilling to "backward", the Shanghai Composite Index closed at 4559.75 points, fell 354.68, down 7.22%, Shenzhen Component Index fell .1215.08 points, or 7.06%. .A-shares close 1 hour, the Hong Kong Hang Seng Index has also ushered in the biggest one-day drop ever, the day down 2061 points, or up to 8.65%, while China Enterprises Index tumbled 1619.54 points, or up to 11.97%, are "9 .11 "the most since the fall of Hong Kong equities. .Other Asian countries are also not spared. .Expected impact of the U.S. economic downturn, Korea's foreign trade stocks has been hit hard, dragging South Korea KOSPI index fell to 8-month low in intraday trading the stock market due to severe shock or even futures sell orders need to suspend the program for 5 minutes. .Another important economies of India SENSEX index fell the day before yesterday, based on yesterday to continue down the opening, fell to 11.5%, resulting in closed for an hour, then the stock market has gone up, but ultimately fell 4.97%. .As of yesterday evening, this round of decline has slowed see. .Dow Jones Stoxx 600 Index fell substantially reduced rate has been higher than the previous day. .Also appeared in the London FTSE100 index rose slightly. .</ P> <P> the global financial crisis? .</ P> <P> from the United States, fluctuations in the final round of global shocks, so many people in the industry found that the global financial crisis has erupted, bad-mouthing the voice of increasingly powerful and prosperous. .Reuters reports that George Soros told the Austrian daily Standard said in an interview, since World War II world is facing the most serious financial crisis, the U.S. economy will be recession risks. .Andy Xie, an independent economist, said yesterday that the U.S. capital markets from the financial crisis broke out. .Click to enter the 2008 stock market analysis feature """</ P> <P> Andy Xie believes that the culprit of this crisis is that America's unbridled credit creation process. ."Over the past few years, the U.S. banking system with $ 1 of capital funds to create a $ 12, and now, they posted losses of 1,000 billion U.S. dollars, which means that there will be 1.2 trillion U.S. dollars of the funds disappear." He said. .This passage of the 1.2 trillion dollars out of thin air is not profit taking, it is not the transfer of funds, but the substantial lessening of liquidity. .Contraction of credit for investment in the stock market created by people who obviously is a major negative. .In Hong Kong, many analysts are bearish on the market outlook, many investment banks have also issued bearish report. .Phillip Asset Management's fund manager Chen Yuqiang, said: "The global financial crisis has already begun." He believes that the crisis comparable to the 1997 Asian financial crisis, the difference is that the crisis more difficult to predict the outcome. .Even the current financial crisis, the main impact of the market is also limited to Asian markets, but now the world's stock markets are down. ."21 days of the German stock index fell by day 10%, which is very rare in history, even the '9 * 11 'times are unmatched." Chenyu Jiang exclaimed. .Credit Suisse Group in a research report released yesterday continued to sing the blues. .The bank pointed out that Asian markets generally fell 20% from the highs, but price-earnings ratio and dividend yield and other measures are still not "cheap", Asia-Pacific stock markets to return to the past 5 years, on average, still 15% .fall. .However, Xie was believed that this view should be different from the financial crisis in the capital market and the 1997 Asian financial crisis. .The Asian financial crisis 10 years ago, the core of the lack of Asian countries and regions of its own funds, led to the dual currency and banking crisis, the crisis within the system in the United States, Asia, the country's basic economic strength was not affected. .Andy Xie, China's GDP growth continue to be optimistic, but that the Japanese and European economies will be subject to sub-prime mortgage crisis. ."Japan already in recession, and Europe, I expect there will be four or five months up to weakness." He said. .JP Morgan's China Pacific Economic analysts also believe that Wu Xianghong, China and Asian markets these days are experiencing the panic from the U.S. capital markets overflow, but the panic does not affect the real sector of the economy. .In fact, so far, will the United States into a severe recession, is still a need to observe the problem. .As of Friday, JP Morgan is still the chance that the U.S. recession, only about 40%, and that the U.S. economy is expected to appear in the second quarter growth in the second half will be further improved. .</ P> <P>.