Money News: World Markets Shaky as Greek Banking Crisis Looms

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The DOW Jones Industrial Average fell prey to the growling bear once again and closed down with most of the top ten global markets effected by the repercussions of the Greek financial news reverberating from the Eurozone.

The DOW opened the trading week up. By Tuesday the Dow began to slip into steep declines and by Wednesday the DOW had experienced a nearly 400 point fall.

The Financial crisis in Greece had left the DOW and subsequent global markets volatile subject to the next wind of change. The DOW managed to rally throughout the week to regain some of what was lost. Fortunately closed a short week with only small double digit losses.

The DOW ended the trading week down at 17,730.11 (-27.80/-0.16%). Opening at 17,763.32, the DOW held a day range of 17,687.52-to-17,825.49.

Gainers include VelocityShares Daily 2x (+1.01/+12.18%) with a closing price of $9.30 per share, The Medicines Company (+2.94/+10.37%) with a closing price of $31.28 per share, Chart Industries Inc also closed up at $36.79 for a gain of (+2.77/+8.14%) and Progress Software Corporation closing up at $29.90 per share for a gain of (+1.75/+6.22%)

Losers for the week include Zogenix Inc closing down at $12.80 per share for a loss of (-1.16/-8.31%), Liberty Global PLC closing down at $50.70 with a loss of (-3.77/-6.92%), Liberty Global PLC (-3.50/-6.85%) with a closing price of $47.60, and International Speedway Corp (-2.43/-6.57%) with a closing price of $34.55.

Active for the week included Advanced Micro Devices Inc moved 31.19M shares in medium trading to close up at $2.53 per share for a loss of (+4.55%), Apple Inc also in medium trading moved 27.21M shares closing down at $126.44 per share with a loss of (-0.13%), Intel Corp in medium trading moved 27.11M shares closing up at $30.56 per share with a gain of (+1.24%), Micron Technology Inc in light trading moved 26.18M shares, closing up at $19.07 per share for a gain of (+1.54%) and

The NASDAQ closed down at 5,009.21 for a loss of (-3.91/-0.08%).

The S&P 500 also closed down at 2,076.78 for a loss of (-0.64/-0.03%).

World Markets 30/70 Split

The ten most watched world markets closed the trading week with a 30/70 split. The North American Markets including the DOW Jones Industrial, the S&P500, NASDAQ and Mexico's IPC and Central Europe's London's FTSE 100, CAC 40 of France and Germany's DAX, Asian Markets including the Hong Kong Hang Seng, Shanghai Composite, all closed down.

The Canada's S&P TSX Composite, Japan's highly traded Nikkei 225, and SENEX of India all closed up.

Nikkei 225

The Japanese Nikkei 225, began the trading week down and falling until midweek when the Nikkei finally rallied to regain the shares lost from the first two days. Jumping off midweek, the Nikkei experience a strong rally to close the week up.

The Nikkei closed the trading week up at 20,539.79 with double digit gain of (+17.29/+0.08%). 

Gainers for the week include Nitto Boseki Co Ltd (+36.00/+6.52%), Nomura Holdings Inc (+31.70/+3.74%), Tobu Railway Co Ltd (+20.50/+3.66%), Unitika Ltd (+2.00/+3.51%).

Losers include IHI Corp (-26.00/-4.54%), Yokogawa Electric Corp (-71.00/-4.76%), Fast Retailing Co Ltd (-2,200.00/-3.80%) and Furukawa Electric Co Ltd (-8.00/-3.65%).

Active on the Nikkei include Mizuho Financial Group Inc, in 28 straight weeks of strong trading, moving an impressive 250.38M shares to close up at ¥270.80 for a gain of (+2.07%), Sharp Corp, also in strong trading, moved 81.69M shares to close up at ¥166.00 for a gain of (+1.22%), Mitsubishi UFJ Financial Group Inc, in medium trading moved 58.45M shares to close up at ¥902.70 for a gain of (+1.12%), and Nomura Holdings Inc in medium trading, moved 47.68M shares to close down at ¥879.50 for a gain of (+3.74%),

FTSE 100

London Markets, feeling the first wave of the Greece's financial collapse, opened the trading week continuing the previous week's pattern of small gains and strong declines, with a medium rally by midweek the FTSE nearly recouped all losses. The gains were followed with an end of week decline to close the trading week down at 6,585.78 with double digits losses of (-44.69/-0.67%).

Gainers in the FTSE 100 include Ashtead Group PLC (+20.00/+1.89%), Land Securities Group PLC (+19.00/+1.54%), Randgold Resources Ltd (+64.00/+1.52%) and British Land Co PLC (+8.00/+1.00%).

Losers include Rolls-Royce Holdings PLC (-18.50/-2.11%), Smiths Group PLC (-23.00/-1.98%), Standard Chartered PLC (-20.35/-1.93%) and Morrison (Wm) Supermarkets PLC (-3.30/-1.83%).

Active on the FTSE 100 included Lloyds Banking Group PLC moving 64.63M shares in strong trading, closed down at €85.45 for a loss of (-0.88%), Vodafone Group PLC in mild trading moved 30.21M shares to close down at €232.20 for a loss of (-1.57%), BP PLC, in mild trading moved 25.28M shares to close down at €434.89 per share for a loss of (-0.57%), and Barclays PLC, in light trading moved 15.73M shares to close down at €263.50 per share for a loss of (-1.09%),

Hang Seng Index 

The Hang Seng Index began the trading week with a slow and steady decline with a mild rally mid-week keeping the Hang Seng from experiencing the extreme loss of a week ago and still the Hang Seng fell over 200 points.

The Hang Seng, unable to stop the bloodbath, closed the week down with triple digit losses.

The Hang Seng closed down at 26,064.11 with triple digit losses of (-218.2/-0.83%).

Gainers on the Hang Seng Index include Sands China Ltd (+0.25/+0.85), CNOOC Ltd (+0.06/+0.55%), CLP Holdings Ltd (+0.35/+0.54%), Industrial and Commercial Bank of China (+0.03/+0.49%).

Active trading on the Hang Seng Hong Kong Index includes Industrial and Commercial Bank of China Ltd, in strong trading, moved 364.61M shares to close up at HK$6.18 (+0.49%), Bank of China Ltd, in heavy trading, moved 314.29M shares to close down at HK$4.93 (-1.99%), China Construction Bank Corp, also in heavy trading moved 271.63M shares to close down at HDK$7.02 (-0.57%), and China Petroleum & Chemical Corp in medium trading moved 97.97M shares to close up HK$6.58 (+0.30%).

Losers for the week include China Resources Land Ltd (-1.05/-4.23%), Hang Lung Properties Ltd (Hong Kong) Ltd (-0.80/-3.42), Hong Kong Exchanges and Clearing Ltd (Hong Kong) (-9.00/-3.35%), Tingyi (Cayman Islands) Holding Corp (-0.50/-3.17%).

Source: Bing Finance

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