Nikkei and Hang Seng plunge on grim economic figures
Financial Times (UK) Nov 20, 08 5:12 AM CST
(Newser)
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Stocks in Asia plummeted again today as further economic data from Japan and the US spooked investors. In Tokyo the Nikkei dove nearly 7%, while in Hong Kong the Hang Seng slipped 6.6% in a massive sell-off of financial and real estate stocks. This morning in London the FTSE opened down 1.7%, as markets in Frankfurt and Paris were also in the red.
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Asia, Europe advance after Beijing announces $6B stimulus package
Reuters Nov 10, 08 4:43 AM CST
(Newser)
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China's announcement yesterday that it would spend nearly $600 billion to stimulate its economy gave a much-needed jolt to worldwide markets today. The Nikkei in Tokyo and Hang Seng in Tokyo both gained around 6%, while European exchanges also opened higher. China's spending spree also pushed up the price of gold and oil in early trading.
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Gains of recent days wiped out as investors switch focus back to slumping economy
Bloomberg Nov 6, 08 3:56 AM CST
(Newser)
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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.
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Hang Seng soars, Nikkei closes up after dreadful Monday
Wall Street Journal Oct 28, 08 5:54 AM CDT
(Newser)
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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.
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Nikkei dives to 1982 levels, Hang Seng plummets 12%
Guardian (UK) Oct 27, 08 5:26 AM CDT
(Newser)
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Japanese stocks hit a 26-year low as markets in Asia and Europe plunged again amid tenacious fears of a prolonged global recession. The Nikkei fell 6.4% and Hong Kong's Hang Seng index dropped a staggering 12%—its biggest single-day tumble since 1997. In London the FTSE opened down more than 5% this morning, and the pound dropped another 6 cents against the dollar.
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UPDATED
Markets across Asia plummet to multi-year lows amid intractable recession fears
MarketWatch Oct 24, 08 2:11 AM CDT
(Newser)
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Asian markets took a hammering today for the third day in a row as investors looked ahead and saw nothing but gloom, Marketwatch reports. The Nikkei index nosedived 9.6% to a five-year low. Indexes in Hong Kong, South Korea, China, Taiwan, and Australia all sank to multi-year lows. Analysts fear the basement still isn't in sight.
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Associated Press Oct 22, 08 10:46 PM CDT
(AP)
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Asian stocks tumbled for a second day Thursday as a barrage of downbeat company forecasts deepened fears of a global recession. Every major regional benchmark was in the red. Japan's Nikkei lost 5.5% to 8,195.74, on top of a 6.8% drop yesterday. Hong Kong's Hang Seng Index was down 662.89, or 4.65 percent, at 13,603.71. The Hang Seng hadn't closed under 14,000 since 2005.
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Bank support plans boost Japan's index to biggest gain in its history
Bloomberg Oct 14, 08 1:59 AM CDT
(Newser)
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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%.
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UPDATE
Biggest drop in over 20 years, Brit bailout fails to stop FTSE dive
Bloomberg Oct 8, 08 2:40 AM CDT
(Newser)
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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.
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US financial turmoil sparks regional selling frenzy
Wall Street Journal Sep 16, 08 3:25 AM CDT
(Newser)
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Asia's markets took a huge hit today amid fears of a US financial meltdown, the Wall Street Journal reports. Markets in Hong Kong, Japan, and South Korea were spared from the global plunge yesterday due to a public holiday—but the respite proved to be short-lived. Japan and Hong Kong's indexes fell close to 5% while Korea dived 6.1%.
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MARKETS
Bargain-hunting traders shore up Nikkei after big falls
Bloomberg Mar 18, 08 3:30 AM CDT
(Newser)
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Markets in Tokyo had an up day, recovering some of yesterday's major losses as investors speculated that Japan will stand firm in the face of an economic slowdown. Insurers led the gains on the Nikkei, which rose 1.5%. Other Asian bourses also did well Tuesday, but China was an exception, reports Bloomberg: on fears of an interest-rate cut, the Shanghai-Shenzhen CSI 300 index slumped 5.2% to an 8-month low.
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UPDATED
Greenback falls to record lows after Bear buyout, rate cut
Bloomberg Mar 17, 08 3:55 AM CDT
(Newser)
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The dollar took a pummeling and equity markets in Europe and Asia slumped as worried investors reacted to the Bear Stearns fire sale and the Fed's emergency rate cut. The dollar dropped to a shocking 95 yen, hit an all-time low of $1.59 against the euro, and remained below one Swiss franc. The US currency is "facing a credibility crisis," one Asian investor told Bloomberg, while another said that "the Fed is throwing the dollar out of the window."
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Fed rate cut sees markets stage modest recovery
New York Times Jan 23, 08 5:14 AM CST
(Newser)
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Asian markets bounced back modestly this morning after two days of precipitous drops. Hong Kong's Hang Seng index jumped 10.72%, Japan's Nikkei average rose 2%, and the Topix index was up 2.5%. Sydney's index closed 4.4% higher, breaking a 12-day downturn, and India's Sensitive index saw its first gains in 8 days as traders expressed cautious optimism
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UPDATED
Stocks tumble for second straight day
MarketWatch Jan 22, 08 3:25 AM CST
(Newser)
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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.
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Stocks see biggest jump in 5 years as panic
gives way to optimism
Bloomberg Aug 20, 07 1:00 AM CDT
(Newser)
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The global equities sell-off ground to a halt today as Asian stocks had their biggest gains in five years. Responding to Friday’s cut in the US Federal Reserve’s discount rate, Japan’s Nikkei 225, Hong Kong's Hang Seng and South Korea's Kospi indexes all saw huge gains as panic over the US subprime mortgage crisis largely subsided.
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