Kospi index

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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 »

World Markets Sinking

Investors 'rattled by fear,' says analyst

(Newser) - Get ready for another wild ride. Asian markets recouped some of their losses after scary declines early today, but European stocks were being buffeted a day after US markets suffered their biggest drop since 2008. By mid-morning London time, Germany's DAX was down 5.6%, France's CAC-40 had... 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 »

Asian Markets Soar After Fed's Rate Cut

Stocks see biggest jump in 5 years as panic gives way to optimism

(Newser) - 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... More »

'Blood Hits Streets' as Asian Markets Plunge

Continuing credit woes trigger steepest dive in six years

(Newser) - Asian stock markets continued to slide today, pounded by fears of a global credit squeeze, recording their most precipitous drop in five years, Reuters reports. South Korea's Kospi index skidded 6.9 percent as major corporations and financial institutions took horrific beatings. Australia's Rams Home Loans Group revealed it can't... More »

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