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VOA NEWS: MORE WOE ON ASIAN STOCK MARKETS

Article from: US Fed News Service, Including US State News Article date: November 13, 2008

The Voice of America issued the following story:

By Phil Mercer

Stock markets in Asia have followed the downward trend set by Wall Street as fears mount over the state of the ailing global economy. The Australian government says it is hopeful that a coordinated response to the world's economic problems will emerge from an emergency meeting in Washington this week. From Sydney, Phil Mercer reports.

A deep sense of gloom has again descended over Asian stock markets.

In Japan, the Nikkei share index fell by more than five percent Thursday, as did while Hong Kong's Hang Seng.

Markets in ...

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Nikkei Up 14% in Record Rally

Posted Oct 14, 08 1:59 AM CDT in World,  Business 

Nikkei Up 14% in Record Rally
Source: AP Photo/Katsumi Kasahara

(Newser) – The Nikkei  surged over 14% on the news that the US and Europe will buy up stakes in troubled banks, Bloomberg reports. The index's biggest gain in history follows its biggest loss in its history last week. Japan's markets were closed for a holiday yesterday when global indexes soared. Hong Kong's Hang Seng index rose 4.2% for a two-day gain of 15%.

Sources: Bloomberg, Bloomberg

More about:  Financial Crisis • stock market • Asian markets • global economy • Nikkei • Hang Seng

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UPDATE

 World Markets Tumble 

Biggest drop in over 20 years, Brit bailout fails to stop FTSE dive

Bloomberg Bloomberg Oct 8, 08 2:40 AM CDT
(Newser) - Fears of a global recession sent markets plummeting around the world today, Bloomberg reports. Japan's Nikkei index nosedived 9.4%—its biggest fall since the stock market crash of 1987. Indonesia and Russia halted trading after their benchmark index dove 10%. Of 100 companies listed in Britain's FTSE 99 fell in early trading as news of a dramatic bank bailout failed to reassure investors. More »

More about:  Financial Crisis • stock market • credit crisis • Asian markets • Nikkei • Hang Seng • FTSE • FTSE 100

MARKET Open

 Chinese Stimulus Lifts Dow 

Index surges 150+ at open, following Asian lead

Wall Street Journal Wall Street Journal Nov 10, 08 8:49 AM CST
(Newser) - Stocks jumped out of the gate today, thanks to a $586 billion stimulus package from Beijing. The Dow was up nearly 200 just after opening, the Wall Street Journal reports, and the S&P and Nasdaq climbed 1.8% and 1.2%, respectively. The moves followed rallies overseas, including a 7.3% boost for the Shanghai Composite and a 5.8% boost for the Nikkei. More »

More about:  Financial Crisis • China • Dow Jones • stock market • S&P 500 • AIG • global economy • economic stimulus • commodities • Nikkei • Dow • Circuit City • Shanghai Composite

 Asian Stocks Dive 

Gains of recent days wiped out as investors switch focus back to slumping economy

Bloomberg Bloomberg Nov 6, 08 3:56 AM CST
(Newser) - Dismal earnings predictions from major companies snapped a three-day gain in Asian markets, Bloomberg reports. Japan's Nikkei index skidded 6.5% after Hyundai, Panasonic, and Isuzu warned that the US slowdown would hit earnings. Hong Kong's Hang Seng dropped 6.4%, while News Corp's Australian shares took a 21% hit—its biggest since 1987—after it announced net profit will fall. More »

More about:  Financial Crisis • News Corp • Asian markets • Nikkei • Hang Seng • Panasonic • Hyundai • Cathay Pacific

SPONSORED NEWS ARCHIVE

Tokyo property weighs on Nikkei; JAPAN.(Business) (The Birmingham Post (England))

Nikkei's third successive rise; JAPAN.(Business) (The Birmingham Post (England))

Nikkei on the rise again; JAPAN.(Business) (The Birmingham Post (England))

Retailers kept off Nikkei 225 HOT STOCKS (International Herald Tribune)

World stock markets , including the ISEQ, slumped again today with Japan's... (Evening Herald (Dublin, Republic of Ireland))

JAPAN: MOODY'S COMMENTS ON NIKKEI PLUNGE AND EFFECT ON JAPANESE BANKS. (IPR Strategic Business Information Database)

Nikkei falls to a six-week low; JAPAN.(Business) (The Birmingham Post (England))

Roundup: Asian stock markets contiue to drop after sad Monday for world stock... (Xinhua News Agency)

Asia stocks fall on persistent U.S. economic fears MARKET ROUNDUP (International Herald Tribune)

FTSE 100 falls 2% in early trading. (Lancashire Evening Post (Preston, England))


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