Asia Business Consulting

From Information to Strategic Knowledge by Asia Business Consulting (www.asiabusinessconsulting.com). What kind of jewels can you find in the news. And how great it is to have a company that fully uses those to support its primary research and consult your company strategically to really improve your business. This blog supports your business already. For more, talk to us - Asia Business Consulting. A better way to do business.

Monday, May 17, 2004

Stockmarket plunges after elections in India

CNN reports (http://edition.cnn.com/2004/WORLD/asiapcf/05/17/india.politics/index.html) that India's stock market plunged 11% in the early Monday morning hours. Traders are concerned about The Congress Party's election victory.

Those concerns are mainly based on the perception that the Congress Party and its coalition won't continue with the reforms initiated earlier.

posted by Andreas @ 2:04 pm