Around the World's Markets: New York

Thursday 27 August 1998 23:02 BST

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DEEPENING turmoil in Russia sent US stocks sharply lower, with indices falling to key support levels. By 4.30pm (BST) the Dow Jones industrials was off 240 points at 8283.7.

We're right on the edge now," said Robert Dickey at Dain Rauscher. "Today we're at support levels on most major indices." Bonds rose for the fifth time in six days, briefly pushing 30-year yields to a record low as investors headed for the relative safety of US Treasury securities.

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