Shanghai Composite down over 2 percent

Asia-Pacific equities markets were mixed again on Friday. In Taiwan the Taiex was up a bare 0.01 percent, or 1 point, to 9,018.08, while the Straits Times index closed at 3,488.97. The S&P/ASX200 gained 0.44 percent to 6,278.4 in Australia, while the Sydney Ordinaries added 0.5 percent to 6,296.5. Decliners included India’s Sensex, which dropped [...]
Hang Seng closes above 24,000 for first time

Asia-Pacific equities markets were mixed again on Wednesday. In Hong Kong, the Hang Seng closed above the 24,000 level for the first time, ending the session 0.77 percent higher to 24,069.17. Other gainers on the day included the Shanghai Composite, which added 0.31 percent to 5,310.72 and the Straits Times index in Singapore, which ended [...]
Dow back below 13,000 in afternoon trade

Wall Street was lower in early afternoon trade on Monday. The Dow Jones Industrial Average was back down below the 13,000 level to trade at 12,993.32, a decline of 0.66 percent, just before 1:30 pm in New York, while the Nasdaq Composite had dropped 0.64 percent to 2,489.1 and the S&P 500 was 0.99 percent [...]
Stronger yen sends Japan carmakers lower

Tokyo equities markets were significantly lower on Friday. The Nikkei 225 fell 5.42 percent to 15,273.68 for its biggest one-day percentage drop since the September 11 attacks in New York and Washington, DC, in 2001. Meanwhile, the Topix index and the Mothers market each were down 5.55 percent, to 1,480.39 and 688.46 respectively. The decline [...]
Subprime, credit worries send markets lower

Equities markets in the Asia-Pacific region were much lower on Friday as worries over the subprime sector in the US went global. The biggest loser on the session was South Korea’s Kospi index, which dropped 4.2 percent to 1,828.49, its sharpest decline in three years. Afternoon trade in Seoul ended early, but that was said [...]
Asia-Pacific markets mixed on session

Asia-Pacific equities markets were mixed on Tuesday as investors waited to see what the US Federal Reserve would do about interest rates and how it would characterize the current mess in the subprime market. Decliners included Hong Kong’s Hang Seng index, which fell 0.13 percent to 21,907.99 and the Straits Times index in Singapore at [...]
European markets mixed after losses

Most Asia-Pacific equities markets saw gains on Monday. Even the Tokyo markets, widely expected to decline in case of a defeat by the ruling Liberal Democratic party in Sunday’s elections, managed slight gains after an initial retreat even though Prime Minister Shinzo Abe’s party lost even more seats in the upper house than had been [...]
Nikkei, Topix down ahead of election

Asia-Pacific equities markets were lower on Friday, extending Thursday’s declines and in some cases exceeding them. The biggest loser on the session was Taiwan’s Taiex index, which dropped 4.22 percent to 9,162.28, its steepest decline in over a year. South Korea’s Kospi index also lost more than 4 percent, dropping 4.09 percent to 1,883.22, taking [...]
Global markets plunge

Equities markets in the Asia-Pacific region were mostly lower again on Thursday. The Shanghai Composite was again an exception as it added 0.52 percent to 4,346.46, a new record high, on corporate profits reports that have been better than anticipated in the first half of the year. The other exception was India’s Sensex, which gained [...]
South Korean index closes above 2,000 for first time

Equities markets in the Asia-Pacific region were mostly lower on Wednesday, but there were a couple of notable exceptions to the declining trend. In South Korea, the Kospi index added 0.6 percent to 2,004.22, the first time it has closed above the 2,000 level. The gains came after Moody’s raised South Korea’s debt rating to [...]