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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MARKETS
Tokyo, London advance after Wall Street's crazy day
Financial Times (UK) Nov 14, 08 5:14 AM CST
(Newser)
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Asian and European markets rose today, reacting to the sharp swing from negative to positive in New York yesterday. In Tokyo the Nikkei gained 2.7%, while the FTSE in London was up 3.3% in mid-morning trading. Bargain-hunting investors pounced on undervalued financial stocks: Anglo American jumped nearly 10% in early trading while Man Group advanced 6.5%.
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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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Greenback soars to 5-year high against the pound
Bloomberg Oct 22, 08 5:40 AM CDT
(Newser)
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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.
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London, Paris, Frankfurt all dive at opening
Financial Times (UK) Oct 10, 08 3:40 AM CDT
(Newser)
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Stock markets across Europe took a pounding this morning, following a dramatic market dive in Asia that saw the Tokyo exchange suffer its worst loss in 20 years. In London the FTSE opened down 10%, with similar losses in Paris and Frankfurt. Banking stocks were among the biggest losers in Europe.
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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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UPDATED
'This is just about fear right now'
Wall Street Journal Oct 6, 08 1:58 PM CDT
(Newser)
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Stocks continued downward today, with the Dow falling a record 782 points, the Wall Street Journal reports, and settling mid-afternoon around 9,571, below 10,000 for the first time since October 2004. “This is just about fear right now, and whether stocks are going to close down 200 or 900 points,” said one trader. All 30 of the index's stocks were in the red.
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EU leaders' disagreements sow fear
Financial Times (UK) Oct 6, 08 4:36 AM CDT
(Newser)
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Financial stocks led sharp declines across European markets this morning after the continent's finance ministers failed to agree on a joint effort to stem the crisis. By 10 a.m. in London the FTSE was down 5.2%, with troubled banking giant HBOS plummeting 15%. In Frankfurt the Dax was down 4.5%, while in Paris the CAC 40 fell 4.7%.
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The lack of resolution in Washington sends shudders around the globe
Wall Street Journal Sep 26, 08 7:14 AM CDT
(Newser)
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European markets swooned on news of the US bailout troubles and the failure of Washington Mutual, the Wall Street Journal reports. The Dow Jones Stoxx 600 fell 1.5%, Germany’s DAX index slipped 1.4%, and the UK’s FTSE 100 and France’s CAC-40 each shed 1.3%. In Asia, Japan’s Nikkei index lost 0.9%.
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Dealers miss out
on millions in stock market surge
Times (UK) Sep 9, 08 1:55 AM CDT
(Newser)
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A catastrophic computer crash shut out dismayed London traders from the market yesterday as stocks soared around the world in the wake of the US bailout of Freddie Mac and Fannie Mae, the Times of London reports. The seven-hour systems failure at the London Stock Exchange is estimated to have cost traders millions of dollars on what would have been one of the most profitable trading days of the year.
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Northern Rock shares dive, panicking patrons
Guardian (UK) Sep 14, 07 9:12 AM CDT
(Newser)
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Shares of Northern Rock fell 25% today on news that the group, Britain's fifth-largest mortgage lender, got an emergency shot of cash from the Bank of England last night. As worried customers lined up outside Northern Rock branches, the central bank's chancellor urged calm. "At the moment there is plenty of money in the system," said Alistair Darling.
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Wall Street Journal Aug 17, 07 10:04 AM CDT
(Newser)
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Stocks rallied in early trading today after the Federal Reserve shaved a half-point off of one of its key interest rates, the Wall Street Journal reports. The Dow initially shot up more than 300 points; after settling some, it was up 150.46 by midmorning. European stocks were buoyed as well, with London's FTSE 100 jumping 2.1% after a disastrous plunge yesterday.
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London exchange drops after opening higher
Financial Times (UK) Aug 17, 07 5:45 AM CDT
(Newser)
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Financial markets across Europe were off again in midmorning trading. In London, the FTSE opened slightly higher and then suffered new losses as UK traders continued to reel from yesterday's steep fall-off, the exchange's most calamitous one-day drop in years. At mid-morning the index was down 0.2% and markets in France and Germany experienced similar losses.
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