DOW slides again

Both the major US indices declined on Firday on worries over the tech sector and concerns on subprime losses.

While the Dow dropped 223 points to 13,043, the Nasdaq Composite was down 68 points at 2,628. For the week, the Dow dropped over 4% and the Nasdaq Composite Index declined 6.5% - its biggest weekly loss since 9/11.

Indian ADRs, too, declined on Friday. ICICI Bank plunged over 7% to $60.24. HDFC Bank, Tata Motors, Infosys and Wipro also declined.