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Sunday 01st of August 2010
January 30, 2008

Wall Street ends lower despite rate cut

Wall Street ends lower despite rate cut

Wall Street was up right after the Federal Reserve announced on Wednesday that it was cutting its main interest rate by half a percentage point to 3 percent, but the markets ended the session lower. The Dow Jones Industrial Average dropped 0.3 percent to 12.442.83 while the Nasdaq Composite was down 0.38 percent to [...]



January 28, 2008

Asia-Pacific, Europe equities see declines

Asia-Pacific, Europe equities see declines

Asia-Pacific equities markets headed lower on Monday as investors worried that not only the US economy but also the Japanese economy are headed for recession. In India, the Sensex ended the session 1.14 percent lower at 18,152.78. Taiwan’s Taiex index fell 3.28 percent to 7,845.79 while the FTSE Straits Times Index was down [...]



January 23, 2008

Hang Seng adds 10.72 percent on session

Hang Seng adds 10.72 percent on session

Hong Kong’s Hang Seng index saw its biggest one-day gain in a decade and its largest points gain in history on Wednesday when it added 2,332 points, or 10.72 percent, to 24,090.17 on the heels of Tuesday’s surprise interest rate cut from the US Federal Reserve. The big gains came after the index had [...]



January 21, 2008

India’s Sensex drops 1,408 points on session

India’s Sensex drops 1,408 points on session

As financial markets in the United States took the day off to celebrate the birthday of Rev. Martin Luther King Jr., equities markets in the Asia-Pacific region plunged on growing worries that the US economy is either already in or will soon enter a recession. Markets in Hong Kong and in India dropped more [...]



January 17, 2008

Australian markets drop for 9th straight day

Australian markets drop for 9th straight day

Equities markets in the Asia-Pacific region were mixed on Thursday. Among losers on the session, Australian markets were down for the 9th consecutive session, their longest losing streak in more than a decade. The S&P/ASX200 was down 0.23 percent to 5,796.1 while the Sydney Ordinaries fell 0.24 percent to 5,857. During the [...]



January 14, 2008

Taiex gains on opposition win in parliamentary elections

Taiex gains on opposition win in parliamentary elections

Most Asia-Pacific equities markets were lower Monday on continuing worries that the US economy is headed for a recession. The main exceptions were the Shanghai Composite and Taiwan’s Taiex index. The Taiex added 1.79 percent to 8,173.41 after the opposition party managed a big win in parliamentary elections. The Kuomintang party, which [...]



January 10, 2008

Hang Seng drops nearly 400 points

Hang Seng drops nearly 400 points

Equities markets in the Asia-Pacific region were lower on Thursday on further concerns about US credit markets. The main exception to losses was the Shanghai Composite, which added 0.38 percent to 5,456.54. Australian indices saw the least of the losses as the S&P/ASX200 fell 0.15 percent to 6,078.7 and the Sydney Ordinaries dropped [...]



January 7, 2008

Most Asia-Pacific markets drop on US recession worries

Most Asia-Pacific markets drop on US recession worries

Most equities markets in the Asia-Pacific region were lower on Monday as analysts and investor worried about the possibility of recession in the US. Last week, the US Labor Department issued disappointing employment data for December, and reports from the Institute for Supply Management showed that manufacturing had contracted in the month and the [...]



January 4, 2008

Tokyo declines on export worries

Tokyo declines on export worries

Most Asia-Pacific equities markets were higher on Friday. The main exception were Tokyo’s markets, where the Topix had its worst opening day of the year in history, falling 4.32 percent to 1,411.91. The Nikkei also saw substantial declines, dropping 4.03 percent to 14,691.41, while the Mothers market of small and mid-caps fell 4.67 [...]



January 2, 2008

Asia-Pacific equities mixed on economic concerns

Asia-Pacific equities mixed on economic concerns

Equities markets in the Asia-Pacific region were mixed on Wednesday after reports that the economies in both South Korea and Singapore are slowing and on the news that the bombing of an army bus in Colombo, Sri Lanka, had killed four. The Straits Times index was 0.61 percent lower to 3,461.22 in Singapore on [...]