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Nikkei Buying Financial Times for $1.3B

Pearson cites 'inflection point'

(Newser) - Financial Times owner Pearson says it has agreed to sell the salmon-colored paper to Nikkei for $1.3 billion. It says the amount is payable in cash. Nikkei is the largest independent business media group in Asia, with flagship newspaper Nikkei as its core. What Pearson CEO John Fallon has... More »

Stocks Sputter, Gold Soars

Markets still buffeted by uncertainty, looking for good news

(Newser) - Asia stock markets were mostly down today, European markets look set to follow, and gold hit new highs as world markets continued to be rocked by investor nerves, reports Reuters . The Nikkei hit a five-month low, finishing 1.04% down, Korea's Kospi was off 1.96%, and Australia's... More »

Jittery Markets Stumble Again After US Downgrade

From New Zealand to Singapore, markets down across Asia

(Newser) - Stocks around Asia fell early today as markets responded to the historic downgrade of the US government credit rating by S&P last week, reports CBS News . Hong Kong's Hang Seng dropped nearly 2.2%, as did Japan's Nikkei 225. South Korea's Kospi declined 3.8% to... More »

Global Markets Follow Wall Street Down

Sell-off fever spreads to Asia, Europe

(Newser) - Stock markets around the world are tumbling in the wake of yesterday's Wall Street meltdown . Market indexes across Asia saw major dives, and European markets are down in early trading, AP reports. The sell-off is "just a knee-jerk reaction to what's going on," said an analyst... More »

Markets Reeling From Japan Crisis

Dow off more than 200 after Nikkei falls 11%

(Newser) - Stocks around the world plummeted today, thanks to huge losses in Japan, where the Nikkei Stock Average fell a whopping 11%, completing its biggest two-day drop since 1987. That prompted big Asian and European sell-offs, especially in Germany, where the DAX 30 fell 4.5% in interday trading. In the... More »

Asian Markets Reeling

Stocks dive amid hectic trading

(Newser) - Asian markets plunged across the board this morning as worries about the Greek debt crisis and yesterday's stunning Wall Street plunge sparked a huge sell-off. Traders are still baffled by yesterday's events, and market conditions are "hectic and confused," said one securities trader in Tokyo, where the Nikkei... More »

Dow Falls 186, Biggest Drop Since July 2

Worldwide shocks worry investors

(Newser) - Stocks continued to decline after drops in world markets proved to be contagious at the open, with the Dow falling the most since July 2, the Wall Street Journal reports. The worldwide stock decline had investors scrambling to Treasurys and other safe havens. Home-improvement retailer Lowe's fell 10% after reporting... More »

Global Selloff Rocks Dow

(Newser) - The Dow tumbled 175 points at the open today, following even bigger selloffs in overseas markets, the Wall Street Journal reports. The S&P and Nasdaq each fell 2.2%. Those drops followed a whopping 5.8% dive on China’s Shanghai Composite Index, a 3.1% drop for Japan’... More »

US Woes Send Asian Stocks Tumbling

Nikkei, Hang Seng have their worst day in weeks

(Newser) - Stocks in Asia tumbled to their worst finish in weeks, reports the Wall Street Journal, as continued fears about the US economy led to a sell-off of resource companies and exporters. The Nikkei in Tokyo and the Hang Seng in Hong Kong both closed down about 3%, echoing a decline... More »

Asian Stocks Follow US Drop

Nikkei, Hang Seng both down 3%

(Newser) - Asian stocks followed the American markets lower today as investors grew worried about the sluggish pace of global economic recovery. The Nikkei in Tokyo and the Hang Seng in Hong Kong were both down about 3%, ending a rally that has sent Asian markets up 44% since March. "Those... More »

Nikkei Rockets to 8-Month High

Asian markets advance, Europe opens strong

(Newser) - Asian stocks made big advances today, with the Nikkei in Tokyo closing at an 8-month high as bullish investors reacted to good signs from Chinese industry and GM's impending bankruptcy, reports AP. The Japanese exchange was up 1.6%, with shipping firms and resource companies leading gains, while in Hong... More »

Banks Lead Asian Stock Rally

Nikkei rises 4.6% to 6-month high

(Newser) - The Nikkei stock average soared 4.6% today to close at a 6-month high, leading a rally across Asia. Banking stocks led advances as worries about the US financial system abated, with Mitsubishi UFJ jumping more than 15%. Markets in London, Paris and Frankfurt all opened in positive territory and... More »

Asian Shares Surge, Europe Opens Up

Taiwan leads regional exchanges sharply higher

(Newser) - Asian shares jumped today and European markets opened strongly, as good political and economic news encouraged investors. The Taiwan Stock Exchange rocketed 6.8% amid talk that mainland Chinese investors will be allowed to invest in the market, while in Tokyo the Nikkei closed up 4%. In London the FTSE ... More »

G20 Hopes Send World Stocks Soaring

Hang Seng has best day in 4 months, Europe rallies

(Newser) - Asian stocks soared and European exchanges opened strong, reports the Wall Street Journal, as investors expressed optimism for a G20 deal and prepared for a probable 50-point rate cut by the European Central Bank. The Hang Seng in Hong Kong rocketed 7.4%, its best day in four months, while... More »

Automakers Lead Sharp Selloff Worldwide

Nikkei drops 4.5%, Europe opens down

(Newser) - Stocks in Asia and Europe plummeted today amid global fears for the auto industry and hesitation that this week's G20 summit in London might not deliver on ambitious goals. In Tokyo the Nikkei dropped 4.5%, with Toyota, Honda and Nissan all posting substantial falls. At midmorning stocks in London,... More »

Asia, Europe Rally, US Futures Soar

Obama team's plan sends markets up

(Newser) - Asian markets soared today and European exchanges opened higher as investors expressed optimism about the Obama administration's public-private asset purchase plan. In Hong Kong the Hang Seng rallied 4.1% to close at a five-week high, while the Nikkei in Tokyo closed up 3.4%. At midmorning bourses in London... More »

Asian Stocks Rocket on New Stimulus Plans

Nikkei jumps 5.2%, Europe opens up

(Newser) - Asian markets followed the third straight rally on Wall Street with a major bull run today as new stimulus packages in China and Japan and good news from Bank of America sent stocks soaring. In Tokyo the Nikkei closed up 5.2%, while a late surge in Hong Kong boosted... More »

Asia, Europe Follow US Rally

Nikkei posts biggest gain in 6 weeks

(Newser) - Yesterday's big day on Wall Street sparked a bull run on Asian markets today, with the Nikkei posting its biggest rise in 6 weeks, Reuters reports. The Tokyo exchange surged 4.6% off a 26-year closing low, with Toshiba and other tech stocks leading advances. Markets in Europe opened down... More »

Japan May Buy Stocks to Rescue Tanking Market

Government prepares to act as indexes hit 26-year low

(Newser) - The Japanese government said today that it might intervene to prop up the stock market, as the country's two main indexes approached their lowest levels in 26 years. The continued decline of the Nikkei and Topix—down 18% this year alone—has endangered Japan's banks, which hold a substantial amount... More »

Dow Plunges Nearly 300

Global markets set losing tone for NYSE

(Newser) - Stocks plunged today as President Obama signed the economic stimulus package into law, MarketWatch reports. With a negative tone set by losses in the overseas stock markets, financials led declines, with Bank of America, Citigroup, JP Morgan Chase, and American Express all down at least 9%. The Dow lost 297.... More »

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