online.wsj.com - 10/10/2008
—
Asian stock markets plunged Friday as investors, stunned by Wall Street's relentless downward spiral, rushed to sell. Tokyo's benchmark index fell to its lowest level in five years. The Nikkei dropped 881.06 points, or 9.6%, to 8276.43, its lowest level since May 2003. Since the start of this ...
Comments
Blog Reactions
Nikkei Falls 10%
The Big Picture —
... NZX 50 index gave up 3.5% to 2842.89. South Korea's Kospi lost 8.7% to 1182.16. In Tokyo, shares of Toyota lost 5% and Canon shrank 5.3%, while property major Mitsui Fudosan plummeted 12.9%.
> Sources:
Asian Stocks Fall, Set for Worst Week on Record; Banks Plunge
Kyung Bok Cho
Bloomberg, Oct. 10, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=apBR9iTfMQbI&
Japan's Nikkei Falls Nearly 10%
WSJ, OCTOBER 9, 2008, 9:29 P.M. ET ...
Stop the Week, We Want to Get Off!
Trading Goddess —
... is down a whopping 9.6%, in the dreaded 10% rule territory, and that too is a 55% drop from the highs as insurance company, Yamato Life, filed for bankruptcy ahead of trading, causing the Osaka Securities Exchange to have to shut down futures trading for 15 minutes. The Yen is skyrocketing against both the dollar and the Euro and that is sending exporters like TM and banks like MTU into a tailspin. "I haven't seen the market fall this much in a week, it's panic selling," said Hajime Kitano, chief Japanese equity strategist at J.P. Morgan. He said that ...
Related Content
Asian stocks drop on recession fears
ft.com 10/27/2008 — Asian shares fell, with Japanese banking stocks particularly hard hit, amid lingering concerns that more measures would be required this week to help fend off a global recession. The Nikkei was heading for its lowest clsoe since 1982
The Dow-Nikkei Convergence Trade
paul.kedrosky.com 10/16/2008 — Staggering stuff going on tonight in Asian markets, with the Nikkei off 10.5%, taking it back to levels last seen when Ronald Reagan was in the White House. Equally interesting, in a macabre way, is how the Nikkei and Dow created (I'm kidding, sort ...
Video: Asian Markets Surge On Oil Companies
marketnewslive.blogspot.com 12/31/2008 — Besides the Hang Seng, all other major Asian/Pacific markets rose this past trading session with domestic oil companies surging this session.
Asia Markets 9/30/2008 Nikkei Off 4% (PTR)
247wallst.com 9/30/2008 — Asia markets fell sharply. The Nikkei dropped 4.1% to 11,260. The Hang Seng fell 2% to 17,629. Sun Hung Kai Properties fell as much as 6%. Petrochina (PTR) and...
Gas prices drop sharply across U.S.
usatoday.com 10/13/2008 — The average price of a gallon of regular gasoline at self-serve stations was $3.31 Friday. Mid-grade was at $3.45 and premium was $3.57. Diesel averaged $3.95. That's according to the Lundberg Survey of 5,000 gas stations nationwide, released Sunday. ...
Japan's Economy Shrinks Sharply
calculatedriskblog.com 2/16/2009 — From MarketWatch: Japan's economy shrinks 12.7% annualized Japan's economy contracted ...12.7% on an annualized basis in the October-to-December period ... The decline was the biggest since a 13.1% annualized contraction in the January-to-March ...
Video: Asian Shares Eye '09 Rebound
marketnewslive.blogspot.com 1/5/2009 — Most Asian share markets began the new trading year with gains, after 2008 performance was among the worst on record.
Video: Asian Markets Rebound On Commodity Rally
dailymarkets.com 1/15/2009 — A recent rally in commodities, more specifically oil, led the way for domestic energy companies to post major gains within their respective Asian/Pacific market this session. … [ visit site to read more ]
Follow WallStreetBlips on Twitter
