- The Washington Times - Tuesday, March 11, 2003

NEW YORK, March 11 (UPI) — Prices on the New York Stock Exchange and Nasdaq Stock Market ended on the downside Tuesday, as fears of a U.S.-led attack against Iraq, with or without international support, persisted.

The blue-chip Dow Jones industrial average fell 44.12 points, or 0.58 percent, to 7,524.06, while the tech-heavy Nasdaq composite index fell 6.90 points, or 0.54 percent, to 1,271.47.

The broader New York Stock Exchange composite index ended down 29.43 points to 4,499.64 and the Standard & Poor's 500 fell 6.75 points to 800.73. The American Stock Exchange composite index, on the other hand, added 3.29 points to 819.43, while the Wilshire 5000 Index fell 61.77 points to 7,610.47.

Volume was 1.61 billion shares on the NYSE and 1.17 billion on the Nasdaq Stock Market.

U.S. Treasury prices eased. The 10-year bond fell 5/32 to 102 14/32. Its yield, which moves in the opposite direction of its price, increased to 3.58 percent from 3.56 percent late Monday.

In Europe, stock prices weakened on all three major bourses. The London International Stock Exchange's blue-chip FTSE-100 index was 6.30 points, or 0.18 percent, lower at 3,429.70, while the German DAX index was 43.72 points, or 1.88 percent, lower at 2,285.32, and the French CAC-40 index was down 23.90 points, or 0.95 percent, at 2,489.71.

Meanwhile, most Asian stock markets fell further Tuesday, with the Nikkei 225 index in Tokyo closing below the 8,000 level for the first time in more than 20 years. The Nikkei lost 2.2 percent to 7,862.43, its lowest close since January 1983.

In Taiwan, the benchmark fell 1.4 percent to 4,260.45, a five-month low. The Korea Composite Stock Price Index fell 2.2 percent to 532.53. In Hong Kong, the blue-chip Hang Seng Index ended flat at 8,859.93.

Singapore's Straits Times Index edged up 0.2 percent to 1,216.11. In Manila, the composite stock index fell 0.36 percent to 1,007.11. And Kuala Lumpur's 100-stock Composite Index closed at 619.22 points, down 0.89 percent, despite the release of a package of measures to support the capital market.

The Stock Exchange of Thailand Index fell 0.7 percent to 350.98, while in Jakarta, the composite index slid 0.87 percent to 379.35.

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