30 November 2009 11:40 [Source: ICIS news]
LONDON (ICIS news)--Dubai and Abu Dhabi’s main stock markets closed down sharply on Monday amid debt fears but there was little impact on markets across Asia and Europe.
Abu Dhabi stock market fell 8.3% - a one-day record – while Dubai’s Financial Market Index lost 7.3% on the back of an announcement last week that state-owned Dubai World had asked to delay interest payments.
Monday was the first time the markets were open since the announcement, due to the four-day religious holiday for Eid al-Adha.
However, European markets were trading only slightly lower and the Asian markets closed up.
At 10:48 GMT the FTSE 100 was down 0.96%, the Dax had fallen 1.14% and the Nasdaq 1.73%. In Asia, ?xml:namespace>
The Dow Jones Stoxx Chemicals index was trading down just 0.38% at 10.45 GMT.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|