Asian share markets slide over Wall Street worries

Asian share markets slide over Wall Street worries

did we 4get the philippines? lol
Where is their monet invested? i bet you on my last $$$$, in the USA, but the people dont have no rights 2 know

World markets spiral down again...
:eek:
Major tumble for European shares
Friday, 10 October 2008 - European markets fall steeply in early trading after earlier dramatic share price losses in Asia.

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The FTSE 100 share index plunged 9.8% to 3887 points, the first time it has fallen below 4,000 points in five years. There were similar falls across Europe - Paris was down 9% while Germany was down 9.6%. Earlier Tokyo’s Nikkei index dropped 9.6% while shares in Australia, Hong Kong and Singapore all plummeted. In Russia, regulators suspended stock market trading indefinitely, citing excessive volatility.

Despite concerted government action, investors are increasingly fearful the financial crisis will prompt a global recession. Finance ministers from the G7 leading industrial countries are set to meet in Washington to discuss the crisis. US President George W Bush is due to make an address to the American people later in the day.

'Deeper panic'

Heavy falls were seen across Asia’s markets as a climate of fear took hold on Friday. In India, the Mumbai market plunged 6.5% in early trading. “Selling is unstoppable in New York and Tokyo. Investors were gripped by fear” - Yutaka Miura, Shinko Securities

In Japan as the Nikkei index slumped in its biggest one-day fall since the 1987 stock market crash, the crisis claimed its first Japanese financial institution, with the insurance company Yamato Life going bankrupt. “Selling is unstoppable in New York and Tokyo," said Yutaka Miura, senior strategist at Shinko Securities in Tokyo. “Investors were gripped by fear." At the end of trading on Friday, Tokyo shares had plunged 24% during the week - double their weekly fall during the 1987 market crash.

More [url:
http://news.bbc.co.uk/2/low/business/7662572.stm[/url]

A wandering black ghost fighting exorcist in Wall Street.

Today’s Friday early morning, Wall Street’s stock market just keep dropping down to the toilet again, we guess the wandering black ghost is fighting hard to conflict the exorcist in Wall Street. As far as we know the BACKFIRED Democratic black socialist Barack Hussein Obama presidential candidacy is OVER. Our JOHN McCAIN-SARAH PALIN analysis predict American people are waking up Obama caused woes will affect Wall Street’s stock market to stay on another quiet 2009. American people are more conservative to install their life-saving in CD account, because now the FDIC insured saving is up to $250,000. There may not an U-turn if black Obama is expecting American people’s 401K capitals are coming back to Wall Street nearly sooner next year if he is elected president. In the meanwhile California governor (R) Arnold Schwarzeneggar and the lasting Sacramento’s majority of Democrats and those Obama’s supporters are begging on the Republicans to honor a short-term $4 billion bailout loan before Nov. 4th Election Day; however will Californian taxpayers really want to indulge the Democrats to sell $4 billion of “C-Class” (or “D-Class” for now) state-government bond to feed Obama’s people ? Or Californians may think the Democrats backed AFL-CIO union-workers are TOO CROWN in California. Before Nov. 4th Election Day, the majority of Democrats and the Obama’s people are begging for $4 bn short-term bailout loan to survive, WILL California’s 55 Electoral Votes to fall into 2008 McCAIN-PALIN for US President ? This is a matter of California’s egotistic dignity and self-esteem. Anytime and nearly days now, once we receive our Absent Voter Ballot, we will cast our vote to JOHN McCAIN for President and SARAH PALIN for Vice President; that’s our Californian’s self-esteem to respond to Democrats' imploring for $4 bn dollar ballout.

Granny says, “Dat’s right - dey gettin' the karate kicked outta `em...
:eek:
Asian markets slide on glum US profit forecasts
22 Oct.`08 – Asian markets fell Wednesday, with Tokyo’s Nikkei index sliding more than 5 percent, as troubling forecasts from major U.S. companies stoked fears of a severe recession in the world’s largest economy.

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As credit markets show signs of improving, investors are focusing on the outlook for U.S. economy — a vital export market — and American corporate earnings. The latest concerns emerged overnight as bellwether corporations such as chemical manufacturer DuPont Co., Sun Microsystems and Caterpillar Inc. downplayed their prospects for the coming months. “The credit crunch seems to be behind us, and we are shifting focus to corporate earnings and economic conditions, and clearly both are deteriorating," said Alex Tang, head of research at Core Pacific-Yamaichi in Hong Kong. Investors in Asia are also gearing up for earnings season, with Japan’s Canon Inc. due to report on Monday and Honda Motor Co. scheduled to release quarterly figures next Tuesday.

All major regional indices were in the red. Japan’s Nikkei 225 stock average sank for the first time in three days, falling 5.6 percent to 8,783 in afternoon trading. Hong Kong’s Hang Seng Index was down 2.8 percent to 14,626, while South Korea’s benchmark slid 5.3 percent. Those same dismal U.S. earnings outlooks also sent oil prices below $70 a barrel as investors shrugged off a looming OPEC production cut. Light, sweet crude for December delivery dropped $2.73 to $69.45 a barrel in electronic trading on the New York Mercantile Exchange by midday in Singapore.

Oil prices are now less than half of their peak near $150 a barrel in mid-July. On Tuesday, the Dow Jones industrial average fell 2.5 percent to 9,033.66, while the technology-heavy Nasdaq composite index shed 4.1 percent to 1,696.68. In Europe Tuesday, Britain’s FTSE 100 index closed down 1.2 percent at 4,229.73, while Germany’s DAX fell 1.1 percent.

[url:
http://news.yahoo.com/s/ap/20081022/ap_on_bi_ge/world_markets[/url]

Asian markets down again...
:eek:
Asian markets drop again amid global turmoil
27 Oct 2008 - Stock markets across Asia have continued their nervous decline, apart from in Japan, where rumours of an enormous government bail-out steadied the Nikkei.

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Hong Kong was the worst affected, with the Hang Seng index dropping more than 5pc by lunchtime. Banks and energy companies were the worst hit, with ICBC, the world’s largest bank, slipping 7pc and HSBC dropping 4pc. Investors were jittery about how exposed Asian banks might be to the subprime market after ICBC reported that it had lost USD1.3 billion from its investments in US mortgage-backed assets and its bonds in Lehman Brothers, the defunct investment bank.

The fact that the bank still managed to report a 26pc rise in net income in the third quarter to 28.2 billion RMB (£2.6billion), and a reduced portfolio of bad loans, was little comfort to panicky shareholders. Meanwhile, shares in Chinese oil companies slid on concerns that China’s industrial machine may be slowed by a global recession. Opec, the oil cartel, has promised to cut its output, but oil prices continue to drop. Light, sweet crude for December delivery fell 8 cents to $64.07 a barrel in Asian trade.

CNOOC dropped 10pc and China Shenhua Energy dropped 12.3pc. Feng Shiliang, the deputy general secretary of the China Petroleum and Chemical Industry Association has admitted that the sector is now in a downward spiral. Nobody knows where the bottom of the market is," said Castor Pang, an analyst at Sun Hung Kai Financial. In Shanghai, the benchmark Composite Index was down 3.61pc at 1773 points by lunch, with property and energy stocks falling.

Zhou Xiaochun, the governor of the People’s Bank of China, warned that the financial crisis will have a significant effect on the Chinese economy. “We must not underestimate its impact," he said, in a report to the Standing Committee of the National People’s Congress. He added that the central bank would allow the market to play a “bigger role” in deciding on the future path of interest rates and the renminbi. China has been repeatedly criticised for keeping its currency at an artificially low level in order to help its exports.

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