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December 2, 2008 3:48:29 AM CST

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Asian stocks

Asian stocks news stories

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Global Stock Markets Mixed After Obama Win

Asia sees credit thaw, Europe dips on weak earnings reports

Bloomberg Bloomberg Nov 5, 08 5:39 AM CST
(Newser) - The dollar gained ground on the euro following Barack Obama’s presidential election win, as investors sensed a glimmer of hope in the US battle to turn around its economy under a new administration. Asian markets were up as credit worries eased slightly, reports Bloomberg. But poor earnings reports sent European stocks lower for the first time in a week, and US index futures index slid. More »

More about:  Barack Obama • Financial Crisis • US dollar • Asian stocks • European stocks

 Global Stocks Pounded, 
 Dollar Hits Record Highs 

Greenback soars to 5-year high against the pound

Bloomberg Bloomberg Oct 22, 08 5:40 AM CDT
(Newser) - Stocks in Asia and Europe dove once again today, with banks leading losses as the continuing economic downturn hit corporate profits. The Nikkei in Tokyo closed down 6.8%, and London's FTSE opened down 2.3% after the Bank of England said that the country is in a recession. Meanwhile the dollar soared to $1.62 against the pound—a 5-year high—and hit new levels against the euro. More »

More about:  US dollar • euro • Nikkei • Bank of England • FTSE • Asian stocks • pound • European stocks • Mervyn King

 Global Stocks Skid 
 Amid Recession Fears 

New rash of selling in Europe and Asia despite mammoth bailout packages

Bloomberg Bloomberg Oct 15, 08 5:40 AM CDT
(Newser) - The global market rally lost steam today as fears of a deepening recession prompted investors to resume looking for cover after profit taking—despite more than $2 trillion being pledged by governments to help thaw frozen credit markets, reports Bloomberg. Markets closed lower in Hong Kong, Seoul and Sydney. London, Frankfurt, Paris, Madrid and Zurich all were down in early trading. More »

More about:  stock market • recession • Asian stocks • European stocks • stock futures

 Asian Markets Plunging  


MarketWatch MarketWatch Oct 9, 08 8:08 PM CDT
(Newser) - Asia's markets are following on the heels of the Dow's plunge today, MarketWatch reports. All of them are dropping precipitously at the start of Friday's trading, with Japan's benchmark Nikkei index down more than 10%. Elsewhere, South Korea's was down nearly 9%, Hong Kong's 8%, and Australia's 6.7%. The bad opening follows the Dow's drop of 679 points to 8,579.19, its first close below 9,000 since 2003. More »

More about:  Japan • Asian stocks • Nikkei 225 Stock Average

IBM Forecast Rallies Asian, European Markets

Big Blue's outlook erases some gloom

Bloomberg Bloomberg Oct 9, 08 7:29 AM CDT
(Newser) - After five straight trading days of losses, investors may have regained a touch of confidence as markets in Asia and Europe bounced back from their beatings today, reports Bloomberg. The rebound, fueled in part by IBM’s reaffirmation of its profit forecast, comes after the worst five-day selloff since 1987. “IBM's numbers show that it's not all doom and gloom out there,” said one expert. More »

More about:  stock market • IBM • Asian stocks • European stocks • Dexia

Banking Jitters Send
European Shares Down

Experts remain skeptical a $700 billion US bailout will ease credit woes

Bloomberg Bloomberg Sep 29, 08 6:59 AM CDT
(Newser) - Investors drove share prices down across Europe and Asia as bank emergencies multiplied  and news of the $700-billion US bailout deal failed to loosen up frozen credit markets, reports Bloomberg. British mortgage lender Bradford & Bingley was taken over by regulators and a trio of European governments jumped in to pull financial-services firm Fortis back from the brink.  More »

More about:  Financial Crisis • bailout • credit market chaos • Asian stocks • European stocks • Dexia

UPDATED

Asian Stocks Continue Plunge

Stocks tumble for second straight day

MarketWatch MarketWatch Jan 22, 08 3:25 AM CST
(Newser) - 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 »

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

US Recession Fears Pummel World Markets

Asian, European investors selling off stocks to avoid exposure to downturn

Bloomberg Bloomberg Jan 21, 08 6:09 AM CST
(Newser) - 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 »

More about:  US economy • recession • Asian markets • Asian stocks

PetroChina Becomes First Trillion-Dollar Company

Wildly successful IPO gives China 5 of world's top 10 companies

Bloomberg Bloomberg Nov 5, 07 8:14 AM CST
(Newser) - 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 »

More about:  China • gas prices • stocks • Asian stocks • Chinese stock market • PetroChina

Oil, Steel Fuel Surge in Asian Markets

Near-record crude prices outweigh
fears of US skid

Bloomberg Bloomberg Sep 11, 07 4:14 AM CDT
(Newser) - 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 »

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

Foreclosures Trigger Asian Drop

Fear of brake on US consumer spending

Bloomberg Bloomberg Sep 7, 07 4:07 AM CDT
(Newser) - 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 »

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

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