{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='WORLDWIDE: STOCKS FALLS SHARPLY ON WORLD MARKETS' data-url='/boclips/videos/5c54c288d8eafeecae15a71a' data-video-url='/boclips/videos/5c54c288d8eafeecae15a71a' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nWORLDWIDE: STOCKS FALLS SHARPLY ON WORLD MARKETS\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatStocks plunged around the world on Thursday, amid worries of lower corporate profits and fears of new financial crises.The Dow Jones industrial average was down 140.83 point in active trading by earlyafternoon, and London's...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eStocks plunged around the world on Thursday, amid worries of lower corporate profits and fears of new financial crises.\u003cbr/\u003eThe Dow Jones industrial average was down 140.83 point in active trading by early\u003cbr/\u003eafternoon, and London's FTSE 100 ended down 3.1 (three point one) percent down as bank shares tumbled on Thursday. \u003cbr/\u003eBut some analysts see an upswing coming as governments around the world grapple with solutions to the crisis. \u003cbr/\u003eStock prices plunged in Asia on Thursday, with Tokyo shares falling 1.6 percent to a new 12-year low. \u003cbr/\u003eA new survey in Japan said economic confidence among small- and medium-sized businesses plunged to its worst level since the Bank of Japan began the quarterly samplings in 1967.\u003cbr/\u003eMeanwhile in Europe, shares were falling sharply. \u003cbr/\u003eThe key index in Frankfurt, Germany, closed down 5.5 percent and the main indicator in Paris was off 5 percent.\u003cbr/\u003eA sell off in bank shares and fears of a global slump helped push down the U-K's FTSE 100 down 3.1 percent \u003cbr/\u003eThe FTSE closed 156.2 points lower at 4,908.2, the lowest close since November 28, 1997. \u003cbr/\u003eThe decline wiped some 30 (b) billion pounds (52 billion U-S dollars) from the value of leading shares.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"I can't really see an end to it until as I say we get this improved liquidity and lower interest rates in the U-K. We're not going to get them in Germany but we certainly are going to get them on the periphery as the Italians, Spanish Portuguese and Irish policy makers bring rates down to those prevailing in Germany in order to prepare for economic monetary union, full scale convergence.\"\u003cbr/\u003eSUPER CAPTION: Jeremy Batstone, Natwest Stockbrokers\u003cbr/\u003eMuch of the problems have so far been blamed on Asia, but soon, investors will turn their attention to problems in Latin America.  \u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"I think that Asia is still rumbling on in the distance. We have the Brazilian election on Sunday and of course after that investors will return to look at the problems in that country, the fact that interest rates have had to be raised aggressively in order to prevent a devaluation.\"\u003cbr/\u003eSUPER CAPTION: Jeremy Batstone, Natwest Stockbrokers\u003cbr/\u003eTraders were alarmed to see prices on the New York Stock Exchange nose dive 2.9 percent on Wednesday, even though the Federal Reserve had lowered a key interest rate one-quarter percentage point on Tuesday. \u003cbr/\u003eSome traders were disappointed that the cut was not deeper amid fears a go-slow approach would not do enough to counter the economic crises that have swept through Asia and Russia and are threatening Latin America.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"In the certainly its been an extremely difficult day and sentiment is at a very low ebb and we've had another jolt. None the less, we believe that there is the scope for the policy makers to make the right decisions, to get around the table to sort out supervision of hedge funds, lower short term interest rates and that should provide the scope for equities to start to recover.\"\u003cbr/\u003eSUPER CAPTION: Jeremy Batstone, Natwest Stockbrokers\u003cbr/\u003eThe Dow was down some 155 points by the London close on Thursday.\u003cbr/\u003e Tokyo, Japan, London, UK, New York, New York, USA - October 1st 1998\u003cbr/\u003eTokyo \u003cbr/\u003e1. Various of Tokyo exchange\u003cbr/\u003e2. Various of Japanese traders\u003cbr/\u003eLondon \u003cbr/\u003e3. Various of traders at Natwest Stockbrokers in London\u003cbr/\u003e4. SOUNDBITE: (English) Jeremy Batstone, Natwest Stockbrokers\u003cbr/\u003e5. Traders\u003cbr/\u003e6. SOUNDBITE: (English) Jeremy Batstone, Natwest Stockbrokers\u003cbr/\u003eNew York\u003cbr/\u003e7. Various NYSE trading floor\u003cbr/\u003e8. SOUNDBITE: (English) Jeremy Batstone, Natwest Stockbrokers\u003cbr/\u003e9. Various NYSE trading floor\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci 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