VOA标准英语2008年-Indian Stock Markets Plunge on Worries Over Wor

Indian stock markets have plunged¹ sharply as worries about the global financial systems rock the world. Anjana Pasricha reports from New Delhi, the Indian market was among the hardest hit in Asia.
　
An onlooker² reacts as he watches stock prices on a screen on the facade³ of the Bombay Stock Exchange in Mumbai, India, 15 Sep 2008

The Mumbai Stock Index, the Sensex, tumbled soon after trading opened, but recovered somewhat by the end of the day The Sensex closed at 13,531, 469 points lower, a loss of about 3.5 percent.

The trigger for the falling markets in India, as elsewhere, was the financial turmoil⁴ gripping international investment firms in the United States. Lehman Brothers is filing for bankruptcy⁵ and Bank of America has announced it will acquire Merrill Lynch.

Analysts⁶ say fears are growing the financial turbulence⁷ could spread to Asia. Vice⁸ chairman at Indian domestic rating agency ICRA, P.K. Choudhury, says there is a lot of apprehension⁹ among investors¹⁰.

"There is a feeling that what we are seeing is the proverbial tip of the iceberg¹¹, so one does not know what are the things which are going to come out," said Choudhury.

Monday's losses were the latest to hit a market that has been battered¹² since the start of the year. The Mumbai stock index has lost more than 30 percent of its value since it traded at a peak of more than 21,000 points in January.

Analysts cite several reasons for the downturn in the Indian stock market.

The high economic growth witnessed in recent years is expected to slow, inflation has been running at more than 12 percent, and the Central Bank has raised interest rates, dampening consumer demand. That has led to fears that Indian companies will post lower profits this year.

Foreign investors, who had helped drive the market up in recent years, have pulled nearly $8 billion out of the market as they sell off riskier¹³ assets all over the world.

Choudhury of ICRA says investors are likely to be cautious for some time.

"All over the world, there is a lot of uncertainty¹⁴, a lot of apprehension that economic growth, development, demand are not likely to go up substantially," added Choudhury. "So the bearish¹⁵ tendency we are seeing now is getting aggravated¹⁶ in the process."

The Indian economy, which is among the world's fastest growing, has been expanding at more than eight percent for the past three years.

 

1 plunged   

v.颠簸( plunge的过去式和过去分词 )；暴跌；骤降；突降

参考例句：

• The train derailed and plunged into the river. 火车脱轨栽进了河里。
• She lost her balance and plunged 100 feet to her death. 她没有站稳，从100英尺的高处跌下摔死了。

2 onlooker   

n.旁观者，观众

参考例句：

• A handful of onlookers stand in the field watching.少数几个旁观者站在现场观看。
• One onlooker had to be restrained by police.一个旁观者遭到了警察的制止。

3 facade   

n.(建筑物的)正面，临街正面；外表

参考例句：

• The entrance facade consists of a large full height glass door.入口正面有一大型全高度玻璃门。
• If you look carefully,you can see through Bob's facade.如果你仔细观察，你就能看穿鲍勃的外表。

4 turmoil   

n.骚乱，混乱，动乱

参考例句：

• His mind was in such a turmoil that he couldn't get to sleep.内心的纷扰使他无法入睡。
• The robbery put the village in a turmoil.抢劫使全村陷入混乱。

5 bankruptcy   

n.破产；无偿付能力

参考例句：

• You will have to pull in if you want to escape bankruptcy.如果你想避免破产，就必须节省开支。
• His firm is just on thin ice of bankruptcy.他的商号正面临破产的危险。

6 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

7 turbulence   

n.喧嚣，狂暴，骚乱，湍流

参考例句：

• The turbulence caused the plane to turn over.空气的激流导致飞机翻转。
• The world advances amidst turbulence.世界在动荡中前进。

8 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

9 apprehension   

n.理解，领悟；逮捕，拘捕；忧虑

参考例句：

• There were still areas of doubt and her apprehension grew.有些地方仍然存疑，于是她越来越担心。
• She is a girl of weak apprehension.她是一个理解力很差的女孩。

10 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

11 iceberg   

n.冰山，流冰，冷冰冰的人

参考例句：

• The ship hit an iceberg and went under.船撞上一座冰山而沉没了。
• The glacier calved a large iceberg.冰河崩解而形成一个大冰山。

12 battered   

adj.磨损的；v.连续猛击；磨损

参考例句：

• He drove up in a battered old car.他开着一辆又老又破的旧车。
• The world was brutally battered but it survived.这个世界遭受了惨重的创伤,但它还是生存下来了。

13 riskier   

冒险的，危险的( risky的比较级 )

参考例句：

• Now they are starting to demand higher returns on riskier assets. 而今他们开始在风险更高的资产上要求更高的回报。
• The problem with that: RIM's business is getting riskier every quarter. 不过问题也随之而来：RIM面临的业务风险正逐季增大。

14 uncertainty   

n.易变，靠不住，不确知，不确定的事物

参考例句：

• Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
• After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。

15 bearish   

adj.(行情)看跌的，卖空的

参考例句：

• It is foolish not to invest in stocks,so I will show her how to be bearish without them too,if she chooses.不投资股票是愚蠢的，因此如果她选择股票，我会向她展示怎样在没有长期潜力的情况下进行卖空。
• I think a bearish market must be a good time for bargain-hunters to invest.我觉得熊市对于想买低的人可是个投资的大好机会。

16 aggravated   

使恶化( aggravate的过去式和过去分词 )； 使更严重； 激怒； 使恼火

参考例句：

• If he aggravated me any more I shall hit him. 假如他再激怒我，我就要揍他。
• Far from relieving my cough, the medicine aggravated it. 这药非但不镇咳，反而使我咳嗽得更厉害。