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July 23, 2008 4:49:26 PM CDT

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Stories related to: Asian stocks

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5 Stories

  • January 2008

    • Asian Stocks Continue Plunge

      newser  |  MarketWatch  |  Jan 22, 08 3:25 AM CST

      Asian Stocks Continue Plunge

      Jitters over the US economy led to a major sell-off in Asian markets for the second straight day, with Australia's benchmark index closing down 7.1%—the biggest single-day loss in nearly 20 years. India's Sensex index skidded 10%, triggering a shutdown, but rallied to close down 4.6%. Japan's Nikkei and the broader Topix index finished 5.7% lower, and Hong Kong's Hang Seng index slumped 8.7% the day after global indexes suffered their biggest plunge since 9/11. More »

      Tags

      George W. Bush  • Japan  • Asian markets  • Hong Kong  • Nikkei  • Fed  • Japanese economy  • Hang Seng  • Asian stocks

    • US Recession Fears Pummel World Markets

      newser  |  Bloomberg  |  Jan 21, 08 6:09 AM CST

      US Recession Fears Pummel World Markets

      Markets across Asia and Europe fell sharply today on fears of a looming US recession and a lack of confidence in Bush’s $145 billion economic rescue plan, reports Bloomberg. Japan's Nikkei was off 3.9% and the Hong Kong Seng Index fell 3.5%, the most since Sept. 11, 2001. In Europe, the Dow Jones Stoxx 600 slid 5.6% by midday. More »

      Tags

      US economy  • recession  • Asian markets  • Asian stocks

  • November 2007

    • PetroChina Becomes First Trillion-Dollar Company

      newser  |  Bloomberg  |  Nov 5, 07 8:14 AM CST

      PetroChina Becomes First Trillion-Dollar Company

      In its first day of trading, PetroChina Co. became the world’s most valuable company, hitting $1 trillion in market capitalization after shares nearly tripled to 43.96 yuan from an IPO of 16.7 yuan. It’s now worth more than the entire Russian stock market. Some analysts interpreted the valuation as  “an indication of China coming of age,” Bloomberg reports. For others, it’s a sign of an unsustainable market bubble. More »

      Tags

      China  • gas prices  • stocks  • Chinese stock market  • PetroChina  • Asian stocks

  • September 2007

    • Oil, Steel Fuel Surge in Asian Markets

      newser  |  Bloomberg  |  Sep 11, 07 4:14 AM CDT

      Oil, Steel Fuel Surge in Asian Markets

      Crude climbed within 50 cents of a record today, and that meant Asian stock indexes were climbing as well with the Nikkei rising 0.3% and the Asia-Pacific index up 0.1% after big losses Friday. Steel joined oil as a big mover when South Korean producers announced a price increase. Those prices, coupled with demand from China, are outweighing fears about a US slowdown. More »

      Tags

      China  • Japan  • South Korea  • crude oil  • Asian markets  • Asian stocks  • steel  • Nikkei 225 Stock Average

    • Foreclosures Trigger Asian Drop

      newser  |  Bloomberg  |  Sep 7, 07 4:07 AM CDT

      Foreclosures Trigger Asian Drop

      Asian stocks are falling again, reflecting worry the growing credit crisis in the US will puncture the economy and slash consumer spending. Mizuho Financial Group, Japan's second largest lender, dropped to a two-week low after an increase in home foreclosures in the US —and many other Asian financial stocks and indices dipped, reports Bloomberg. More »

      Tags

      subprime mortgages  • Japan  • Asian markets  • Samsung  • Nikkei  • Japanese economy  • PetroChina  • Asian stocks  • BHP Billiton Ltd.

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