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July 25, 2008 6:42:12 PM CDT

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Stories related to: Asian markets

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  • July 2008

    • World Markets Tumble, Dollar Hits New Low

      newser  |  Bloomberg  |  Jul 15, 08 7:32 AM CDT

      World Markets Tumble, Dollar Hits New Low

      World stocks hit their lowest level since 2006 today as credit-market losses and weakening consumer confidence sent shares falling, reports Bloomberg. The big banks, from UBS in Europe to Cathay in Asia, led declines. The MSCI World Index, Morgan Stanley's indicator of global finance, has now slid into bear market territory, having lost 21% of its value since October. More »

      Tags

      US dollar  • euro  • Asian markets  • weak dollar  • financial markets  • yen  • European markets  • pound

  • June 2008

    • Analysts Say Oil Price Drop Is Long Way Off

      newser  |  Reuters  |  Jun 9, 08 10:25 AM CDT

      Analysts Say Oil Price Drop Is Long Way Off

      A reining-in of Asia’s demand for oil could help the global crude supply rebound, eventually dropping prices sharply, analysts tell Reuters. But the price relief likely won’t show up until the end of this year or early next, as data needed to help traders set prices is slow to flow in from major Asian countries. More »

      Tags

      oil price  • gas prices  • crude oil  • Asian markets  • oil production

  • March 2008

    • Asian Markets Surge As Dollar Comes Back

      newser  |  Bloomberg  |  Mar 19, 08 3:53 AM CDT

      Asian Markets Surge As Dollar Comes Back

      Stocks in Asia had their best day in a month as investors reacted to the Fed's 75-point rate cut and a top Chinese company announced higher-than-expected earnings. The Nikkei climbed 2.5%, with financial stocks leading gains, reports Bloomberg. Companies with substantial business in America also did well—Canon jumped 6.3%, Nintendo 5%—as the dollar made its biggest gain against the yen in almost a decade, pushing back above ¥100. More »

      Tags

      US dollar  • Asian markets  • Nikkei  • Tokyo  • yen

    • Tokyo Recovers, Shanghai Falls Again

      newser  |  Bloomberg  |  Mar 18, 08 3:30 AM CDT

      Tokyo Recovers, Shanghai Falls Again

      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. More »

      Tags

      Asian markets  • Nikkei  • Wen Jiabao  • Hang Seng

    • Dollar Nosedives, Global Markets Tumble

      newser  |  Bloomberg  |  Mar 17, 08 3:55 AM CDT

      Dollar Nosedives, Global Markets Tumble

      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." More »

      Tags

      Bear Stearns  • US dollar  • JPMorgan Chase  • euro  • Asian markets  • Nikkei  • yen  • Hang Seng  • Swiss franc

    • JP Morgan Buys Bear Stearns for $2 a Share

      newser  |  Wall Street Journal  |  Mar 16, 08 6:35 PM CDT

      JP Morgan Buys Bear Stearns for $2 a Share

      JP Morgan has agreed tonight to buy Bear Stearns for a scant $2 a share, a bargain-basement price—stock closed at $30 a share—that demonstrates the urgency of staving off the collapse of the venerable investment bank and widespread panic in financial markets, the AP reports. The Bush administration and Federal Reserve have reportedly approved the all-stock sale, which was rushed today under federal oversight to avoid Stearns filing for bankruptcy, the New York Times reports. More »

      Tags

      stock market  • Wall Street  • Bear Stearns  • acquisitions  • JPMorgan Chase  • Asian markets  • James Dimon

  • February 2008

    • Markets Drop as KKR Unit Delays Payment

      newser  |  Wall Street Journal  |  Feb 20, 08 7:21 AM CST

      Markets Drop as KKR Unit Delays Payment

      Asian stocks slumped today after reports in the Financial Times that a struggling arm of private equity heavyweight Kohlberg Kravis Roberts. missed a second payment on billions of dollars of commercial debt just 6 months after two of its founders poured $270 million into the company. Investors cashed out as fears of a global credit meltdown flared, reports the Wall Street Journal.  More »

      Tags

      stock market  • subprime mortgages  • subprime crisis  • private equity  • Asian markets  • KKR  • Kohlberg Kravis Roberts  • Henry Kravis  • commercial paper

    • European Markets Open Higher as Asia Rallies

      newser  |  Associated Press  |  Feb 4, 08 7:33 AM CST

      European Markets Open Higher as Asia Rallies

      European markets opened higher on the heels of a mining and technology stock rally in Asia and a positive close on Wall Street Friday, reports the AP. China's benchmark Shanghai Composite Index surged 8.1%, in part on news in state-run papers that the snow emergency in China was overblown. Hong Kong's Hang Seng index jumped 3.8%, Japan's Nikkei 225 index rose 2.7 %, and markets in South Korea and India were also up strongly at the close. More »

      Tags

      stock market  • Wall Street  • Asian markets

  • January 2008

    • Global Markets Retreat Ahead of Fed Move

      newser  |  AFP  |  Jan 30, 08 7:49 AM CST

      Global Markets Retreat Ahead of Fed Move

      European stocks followed declines in Asian markets as news of more subprime woes overshadowed an anticipated 50 basis point rate cut from the Federal Reserve and some positive economic data from the US, AFP reports. London’s FTSE 100 was down 0.85%, the Paris CAC was off 1.54%, Frankfort’s DAX 30 dipped 0.67% and the Euro Stoxx 50 was off 0.80%. More »

      Tags

      Federal Reserve  • Asian markets  • global economy

    • Did Fed Freak With Emergency Rate Cut?

      newser  |  Reuters  |  Jan 23, 08 10:13 AM CST

      Did Fed Freak With Emergency Rate Cut?

      Yesterday's steep interest rate cut—just a week ahead of a scheduled policy meeting—made the staid Federal Reserve come across as spooked and jumpy, leaving many to wonder if the Fed knows of worse news to come, Reuters' Ros Krasny writes. The surprise .75-point cut "is a declaration of a state of emergency for the US markets and the economy," a market strategist said. More »

      Tags

      Federal Reserve  • recession  • Ben Bernanke  • interest rate cut  • Asian markets  • financial markets  • European markets

    • Asian Markets Rebound

      newser  |  New York Times  |  Jan 23, 08 5:14 AM CST

      Asian Markets Rebound

      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 More »

      Tags

      Asian markets  • Hong Kong  • Nikkei  • Fed  • Hang Seng

    • 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

    • Infosys Profits Up 26% This Quarter

      newser  |  Associated Press  |  Jan 11, 08 2:21 PM CST

      Infosys Profits Up 26% This Quarter

      Infosys saw its profit go up 25.6% int the October to December quarter, the Indian company said Friday. It credited tax refunds and new outsourcing jobs: the company added 47 clients, including an unnamed European bank and a global brokerage firm, reports AP. Infosys raised its 2007 revenue forecast slightly, but not enough to match investors’ expectations, and its shares dropped by 1.3%. More »

      Tags

      India  • software  • Asian markets  • outsourcing

  • November 2007

    • Stocks Tumble Across Asia

      newser  |  Financial Times (UK)  |  Nov 8, 07 6:13 AM CST

      Stocks Tumble Across Asia

      Stocks in Asia dove today as investors fretted over Wall Street's losses and unloaded local property stocks, reports the Financial Times . The Hang Sang dropped 3.19%, or almost 950 points, making a slight recovery at the end of the day from a 4% loss. The Nikkei fell for a fifth straight day, this time by 2.3%. Even China, which often avoids the volatile swings elsewhere in Asia, saw stocks drop by 5%. More »

      Tags

      Asian markets  • exports

    • Asian Markets Dive on US Fears

      newser  |  Bloomberg  |  Nov 2, 07 5:44 AM CDT

      Asian Markets Dive on US Fears

      Stocks plummeted across Asia today, sustaining the biggest losses in more than two months after concerns that Citigroup might be short of cash rattled investors. Mitsubishi UFJ, the largest bank in Japan, dropped 6% as the Nikkei fell to 16,517.48, a 2.1% fall. Financial shares led the declines as Asian banks worry that subprime woes will continue to undermine earnings. More »

      Tags

      Asian markets  • Hong Kong

  • October 2007
  • September 2007

    • Wall Street Hunts for Its Next Bubble

      newser  |  Wall Street Journal  |  Sep 20, 07 12:48 PM CDT

      Wall Street Hunts for Its Next Bubble

      With the Fed’s rate cut in place, Wall Street has visions of another bubble—this time in emerging markets. The Dow skyrocketed 2.5% on news of the cut, but even that was dwarfed by 4.2% gains in the Bombay Sensex and 4.3% in Brazil’s Bovespa. Fast-growing economies could benefit most, the Journal explains, from easy-flowing cash. More »

      Tags

      stock market  • Federal Reserve  • Dow Jones  • Asian markets  • markets  • emerging markets

    • Record Low: Euro hits $1.40

      newser  |  Bloomberg  |  Sep 20, 07 7:07 AM CDT

      Record Low: Euro hits $1.40

      The dollar dropped to a record low against the euro in early Asian trading on Thursday, breaking the $1.40 barrier for the first time since the establishment of the common currency. The Fed's half-point cut in interest rates led investors to drop the greenback, and chief Ben Bernanke's upcoming testimony before Congress might spell further trouble. More »

      Tags

      Federal Reserve  • Ben Bernanke  • US dollar  • euro  • Asian markets  • currency

    • Asia Stocks Surge After Fed Cut

      newser  |  Bloomberg  |  Sep 19, 07 5:00 AM CDT

      Asia Stocks Surge After Fed Cut

      Asian stocks rebounded after the US Federal Reserve announced a half point cut in its key lending rate in a bid to bolster growth and avoid a consumer spending slowdown. Toyota, Samsung Electronics and Honda, among those companies with the most to lose from a loss of consumer confidence, led the gains, reports Bloomberg. More »

      Tags

      Federal Reserve  • recession  • stocks  • interest rate cut  • Asian markets  • markets  • Japanese economy

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