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Friday 04th of July 2008
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 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 […]



December 17, 2007

Global equities drop on inflation fears

Global equities drop on inflation fears

Equities markets in the Asia-Pacific region were lower on Monday on fears that growing inflation in the United States will cause the Federal Reserve to hold back on further interest rate cuts at a time when the economy is continuing to slow. The Shanghai Composite was down 2.62 percent to 4,876.76 while South Korea’s […]



December 10, 2007

Asia-Pacific markets decline after UBS takes writedowns

Asia-Pacific markets decline after UBS takes writedowns

Most equities markets in the Asia-Pacific region saw declines on Monday after Swiss bank UBS (SWX: USBN; NYSE: UBS; TYO: 8657) took $10 billion in writedowns, renewing concerns that losses from the US subprime mortgage crisis have not yet seen their peak. The major exception among losses in the region’s markets was the Shanghai […]



November 12, 2007

Hang Seng drops almost 4 percent on China reports

Hang Seng drops almost 4 percent on China reports

Asia-Pacific region equities markets were down Monday on the expectation that banks will report further losses due to exposure to the US subprime mortgage crisis. The biggest loss among major indices came in Hong Kong, where the Hang Seng dropped 3.88 percent to 27,665.73, a loss of 1,117.68 points on the session. The […]



November 1, 2007

Banks down in Europe

Banks down in Europe

Europe’s markets saw declines on Thursday as banks were lower. The FTSE Eurofirst 300 dropped 1.55 percent to 1,570.92. The IBEX was down 0.82 percent to 15,759.6 while the Dax dropped 1.73 percent to 7,880.85 and the CAC-40 fell 2 percent to 5,730.92. Banks were at the top of the loser boards […]



October 18, 2007

European car, truck makers gain on bids rumors

European car, truck makers gain on bids rumors

European markets were mixed Thursday, with more losers than gainers. The gainer was Madrid’s IBEX, which added 0.5 percent to 15,507.1. Elsewhere, the pan-European FTSE Eurofirst 300 was down 0.78 percent to 1,572.92. In Frankfurt, the Dax dropped 0.8 percent to 7,921.4. The Paris CAC-40 fell 0.89 percent to 5,767.24. […]