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Published: Sunday 27 October, 2013

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BBC economics correspondent Andrew Walker said a similar scheme was tried in the 1990s, and was not very successful.In the case of Japan share prices are especially important to banks who are large shareholders, our correspondent said.They have not invested heavily in the problem assets that have undermined western banks, but a further heavy fall in share prices could do them serious damage.US woesMost Asian indexes had risen on Monday on hopes the US governme cheap clothes online nt was to increase its stake in Citigroup.However, no formal move was made. US regulators said they were considering boosting government ownership in financial institutions, but without going all the way and nationalising them.On Monday in the US, the Dow Jones Industrial Average closed down 250.9 points, or 3.4%, at 7,114.8, its lowest level since October 1997.The techheavy Nasdaq index closed down 3.7%, while the Standard Poors 500 index fell 3.5% to 743.33, its lowest finish since 11 April, 1997.No end in sight?Invest cheap clothes online ors are just selling out in disgust across the board disgust with the market, disgust with the financial problems, said Lorraine Tan, director of equities research at Standard Poors in Singapore.The government seems to keep throwing in money, but there doesnt seem to be any end to the declines or solutions to the problems, she said.The Shanghai benchmark index fell as Chinas central bank said the countrys economic downturn could worsen.Meanwhile the index of AsiaPacific stocks outside Japan, the MSCI, also fell, by 2.3%. And Australias stock market was also down, by 0.6%. The Indian Sensex was down slightly, by 0.24%.Among Asian financial shares, Nomura Holdings, Japans biggest broker, lost 9.3% after announcing plans to raise $3.3bn. Read more.This page is best viewed in an uptodate web browser with style sheets CSS enabled. While you will be able to view the content of this page in your curren cheap clothes online t browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets CSS if you are able to do so. cheap clothes online