Post by unlawflcombatnt on Aug 16, 2007 3:35:35 GMT -6
from Yahoo News:
Asian, European stocks fall
By MARI YAMAGUCHI, Associated Press Writer
8/16/07 @ 2:00 AM, Pacific Time
"Asian stocks fell to their lowest in months Thursday — and European stocks followed in early trade — battered by persistent jitters over U.S. housing loan problems and their possible damage to global financial markets.
Nikkei 225 index closed down nearly 2 percent.... on the Tokyo Stock Exchange....
South Korea's main benchmark fell 6.9 percent...., and
Hong Kong's....Hang Seng Index was down 3.9 percent late afternoon....
European stock indices dropped in early trade there, with
Britain's FTSE,
France's CAC-40 and
Germany's DAX all down around 2 percent.
Repercussions in Asian markets were bigger compared to the loss of 1.3 percent overnight in the U.S. — where the loan problems erupted —
with at least three Asian markets losing more than 6 percent on the day....
"The issue of the subprime loans is not just the problem of that sector but it also affects many related financial products, (and) the size of a possible damage or other details are not clear, and that's why investors are feeling uneasy," Ichikawa said.
"All of Asia and other European markets are watching the U.S. market," said James Soh, a strategist at Korea Investment & Securities Co. in Seoul. Global investors were focused in particular on the U.S. Federal Reserve, he said....
The Bank of Japan injected 400 billion yen ($3.4 billion) into money markets Thursday morning, the third time since last Friday it has acted in a bid to curb rises in a key overnight interest rate....
New Zealand's...NZX-50 fell 1.2 percent Thursday....its fifth loss in five days.
Australia's...S&P/ASX 200 index...down 1.3 percent mid afternoon.
Stocks also plunged elsewhere in Asia.
The Philippine benchmark...down 6.0 percent.....
Indonesia's...stock index...down more than 6 percent.
Taiwan's main stock index closed down 4.6 percent.
China's main index in Shanghai was down 2.4 percent.
Singapore's Straits Times Index was down 4.3 percent, and
India's Sensex 30-stock benchmark index...down 3.7 percent midday....
Every single foreign market is down for Thursday, August 16, 2007.
Asian, European stocks fall
By MARI YAMAGUCHI, Associated Press Writer
8/16/07 @ 2:00 AM, Pacific Time
"Asian stocks fell to their lowest in months Thursday — and European stocks followed in early trade — battered by persistent jitters over U.S. housing loan problems and their possible damage to global financial markets.
Nikkei 225 index closed down nearly 2 percent.... on the Tokyo Stock Exchange....
South Korea's main benchmark fell 6.9 percent...., and
Hong Kong's....Hang Seng Index was down 3.9 percent late afternoon....
European stock indices dropped in early trade there, with
Britain's FTSE,
France's CAC-40 and
Germany's DAX all down around 2 percent.
Repercussions in Asian markets were bigger compared to the loss of 1.3 percent overnight in the U.S. — where the loan problems erupted —
with at least three Asian markets losing more than 6 percent on the day....
"The issue of the subprime loans is not just the problem of that sector but it also affects many related financial products, (and) the size of a possible damage or other details are not clear, and that's why investors are feeling uneasy," Ichikawa said.
"All of Asia and other European markets are watching the U.S. market," said James Soh, a strategist at Korea Investment & Securities Co. in Seoul. Global investors were focused in particular on the U.S. Federal Reserve, he said....
The Bank of Japan injected 400 billion yen ($3.4 billion) into money markets Thursday morning, the third time since last Friday it has acted in a bid to curb rises in a key overnight interest rate....
New Zealand's...NZX-50 fell 1.2 percent Thursday....its fifth loss in five days.
Australia's...S&P/ASX 200 index...down 1.3 percent mid afternoon.
Stocks also plunged elsewhere in Asia.
The Philippine benchmark...down 6.0 percent.....
Indonesia's...stock index...down more than 6 percent.
Taiwan's main stock index closed down 4.6 percent.
China's main index in Shanghai was down 2.4 percent.
Singapore's Straits Times Index was down 4.3 percent, and
India's Sensex 30-stock benchmark index...down 3.7 percent midday....
Every single foreign market is down for Thursday, August 16, 2007.