10/08/07 FTSE 100 6163.7, -107.5 Dow 13270.7, -387.2 FTSE 250 11212.1, -242.9 Nasdaq 2556.49, -56.49 FTSE All Share 3244.62, -63.31 S&P 500 1453.1, -44.4 Nikkei 16764.1, -406.5 Hang Seng 21713.3, -726 Oil (Brent) $71.26 Gold $664 Base Rate 5.75% 10 Yr Gilt 6.914% £/$ 2.0212 Euro/Gbp 0.6774 Market report  Stocks slumped on Thursday, with the Dow suffering its second worst session of the year as worries about the global credit market sparked a broad selloff in equities, following a three session rally. Bond prices rose as jittery investors dumped stocks in favour of the so-called safer haven of Treasurys. The DJIA closed 387.18 points lower to close at 13270.68, its biggest one day point and percentage loss since Feb 27, when it plunged 416 points on worries about a global growth slowdown. The index opened weakly on Thursday, briefly pared some losses in the morning after the NYSE instituted trading curbs, but then resumed its downward path. The S&P500 closed 44.4 points lower at 1453.09 and the Nasdaq fell 56.49 points to close at 2556.49. Fears about the subprime mortgage market and the credit crisis resurfaced Thursday after BNP Paribas said it was halting withdrawals from three of its top funds because it can't value their assets in the current market. Additionally, AIG warned Thursday morning that it is seeing mortgage delinquencies spreading from subprime to prime. The company also reported higher than expected quarterly earnings late Wednesday. AIG lost $2.18 to close at $64.30, recovering from a 5 percent plunge at the open. The news sent stocks lower, however, equities were already vulnerable to a decline, following a robust three day market surge earlier this week, that followed a bid selloff. Seeking to calm credit worries, the ECB added cash to money markets. However, the move seemed to have the opposite effect, increasing investor concerns rather than easing them. The ECB loaned at least $130bn in overnight funds to banks at a 4 percent rate. The Fed Reserve added $2.4bn to temporary US reserves in its regular overnight operations, an amount that some traders said was larger than usual, but not comparable to an infusion of money along the lines of the ECB. Goldman Sachs lost 5.7 percent on reports that two of its computer driven hedge funds have sold some positions after suffering big losses of late. Home Depot closed $2.01 lower at $35.79, after the company said it was in talks with private equity buyers about lowering the sale price of its HD Supply unit from $10.3bn and that it was reducing a previously announced tender offer, sending its shares 5.3 percent lower on the NYSE. Treasury prices rose sending the yield on the benchmark 10 year note down to 4.77 percent from 4.88 percent late Wednesday. The dollar surged versus the euro and slumped versus the yen as traders struggled to reposition themselves amid the credit squeeze concerns. Oil prices fell, with US light crude for September delivery slipping 56 cents to settle at $71.59 a barrel on NYMEX. Commodity prices slumped across the board, with gold, silver, platinum and copper all losing ground. Metal and mining stocks slipped in tandem. In Tokyo the Nikkei average fell more than 2 percent today to its lowest close in almost five months as worries about spreading US subprime mortgage woes sparked selling in financial stocks and prompted investors to take profits in shipping firms and other recent gainers. The selling spread across the board, with the index now down more than 8 percent from this year's peak marked in late February. The Nikkei ended the day down 406.51 points to close at 16764.09. In London, the FTSE100 closed 122.7 points lower at 6271.2 on news that BNP had frozen more than £1bn of funds citing problems in the US sub prime sector. The fears weighed on the UK banking sector, with Barclays off 31 pence at 681.5p, HBOS down 46.5p at 913p and RBS falling 14.5p at 584.5p, although continued takeover rumours surrounding Alliance and Leicester saw the firm gain 13p to 1120p. The leading FTSE faller was Kazakhmys down nearly 7 percent at 1125 pence after lower copper prices and production problems. The insurance sector also struggled after interim results from Aviva showed an 8 percent fall in operating profits. Shares were 2p lower at 703.5p as the cost of claims relating to the June floods offset strong growth elsewhere in the business. The news impacted fellow insurers Standard Life, which dipped 22.25 pence to 318.75p after it also suffered from a broker downgrade from Cazenove. Old Mutual fell 6.5p to 161.4 pence, Prudential fell 22p to 695 pence and RSA fell 5.4p to 135.6 pence.   Economic report   US Monthly budget statement (Jul) 19.00 bst A July budget deficit of -USD34bn, comparable to last year. 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