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VOA NEWS: ASIAN MARKETS TRADING LOWER, EUROPEAN STOCKS GAIN GROUND

Article from: US Fed News Service, Including US State News Article date: November 12, 2008

The Voice of America issued the following story:

Asian markets were lower at the close Wednesday, dragged down by news of weak corporate earnings due to a worsening global economy.

Japan's benchmark Nikkei index lost more than 1.25 percent. The bad news included a lower profit outlook from Inpex, the country's leading natural gas explorer. Markets were also lower in Hong Kong, Sydney, Seoul and Wellington.

World oil prices continue to drop, as investors expect the slowing economy to cut demand for energy. The price of light sweet crude oil for future delivery dropped below $60 a barrel in ...

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World Shares Rise After Wild Dow Swing

Posted Nov 14, 08 5:14 AM CST in World,  Business 

World Shares Rise After Wild Dow Swing
Source: AP Photo/Shizuo Kambayashi

(Newser) – Asian and European markets rose today, reacting to the sharp swing from negative to positive in New York yesterday. In Tokyo the Nikkei gained 2.7%, while  the FTSE in London was up 3.3% in mid-morning trading. Bargain-hunting investors pounced on undervalued financial stocks: Anglo American jumped nearly 10% in early trading while Man Group advanced 6.5%.

More about:  stock market • Asian markets • Nikkei • European markets • FTSE

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(Newser) - Asian markets posted dramatic gains after a punishing Monday, as investors reacted to favorable moves in the currency markets. In Hong Kong the Hang Seng surged in afternoon trading to close up 14.4%—its biggest one-day gain in 11 years—while in Tokyo the Nikkei ended up 6.5% despite early falls. This morning in London the FTSE opened up as oil giant BP announced impressive third-quarter profits. More »

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