28 July 2016
AsiaNews.it Twitter AsiaNews.it Facebook
Geographic areas




  • > Africa
  • > Central Asia
  • > Europe
  • > Middle East
  • > Nord America
  • > North Asia
  • > South Asia
  • > South East Asia
  • > South West Asia
  •    - Armenia
  •    - Azerbaijan
  •    - Georgia
  • > Sud America
  • > East Asia

  • mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato


    » 11/07/2008, 00.00

    ASIA

    Asian markets attempt rebound. Tokyo closes at – 3.6%



    Almost all markets rebound after heavy losses. Toyota reduces profit forecast by over two thirds. The Chinese economy feels the crunch.

    Hong Kong (AsiaNews/Agencies) – Contradictory signs emerged today from Asian markets, most of which recovered some percentage points after early lows.  Tokyo alone remained in the negative zone, down 3.6% on closing, shaken by Toyotas profit forecast and the sluggish US economy.

    Hong Kong's benchmark Hang Seng index was up 1.4 % by mid-afternoon. Taiwan stocks reversed the morning's sharp losses to climb 0.19 % after being almost 1 per cent down.

    South Korea's main stock index rebounded from a 4.9 % fall to close 3.9 % higher after the country's central bank cut interest rates by a quarter of a point - the third cut in less than a month- in a bid to boost an economy hammered by the global financial crisis.

    Investor sentiment took a hit after Japan's top automaker Toyota slashed its annual forecast to a third of what it was a year ago. Japan's leading automaker blamed a contracting US auto market, strong yen and higher materials prices.

    Singapore shares slumped 4.48% while Indonesia index was 2.6 % down at the opening.

    Shanghai had little movement, up by only 0.09%. Analysts said investors were unsettled by China's deteriorating economy after more index heavyweights posted weak sales or cut production, but the sell-off pressure was limited as new policy announcements were expected soon.

    e-mail this to a friend Printable version










    See also

    06/11/2008 ASIA
    Asian markets down: the recession eclipses the “Obama phenomenon”
    All stock markets are negative, following Wall Streets closure yesterday at -5%. Oil prices drop. Large companies that trade with America and airlines worst hit by recession.

    10/11/2008 ASIA
    Asian markets rally in wake of Beijing rescue plan
    China commits to a 4 billion Yuan project and across the continent markets rally. Only Taipei and Singapore fail to recover.

    20/11/2008 ASIA
    Asian markets fall tracking US pessimism
    After bleak forecasts of US growth, world markets slide: Tokyo closes at -6.89%, a five year low. Japanese exports tumble to their lowest in 7 years.

    22/01/2008 ASIA
    Asian stock markets continue free fall
    All markets have plunged some up to -8%. Mumbai stock exchange closes for an hour due to heavy losses. Chinese banks in difficulty. According to Soros it is the worst financial crises since the Second World War.

    14/11/2008 ASIA
    Asian markets recover as G20 gets under way
    Gains in almost all markets except Mumbay. Expectations ahead of today’s gathering in Washington.



    Editor's choices

    POLAND - CHINA - WYD
    Beijing's tricks and violence to stop Chinese youth from reaching WYD

    Vincenzo Faccioli Pintozzi

    The government yesterday blocked a group of 50 young pilgrims who had already boarded a plane bound for Krakow. Interrogated for hours by immigration, they were "admonished" and sent home with orders not to contact anyone abroad. Meanwhile, "young Chinese Catholics" hang around central World Youth Day locations in groups of five or six, with the task of spying on fellow countrymen. They work for cultural institutes or Chinese companies in Poland.


    ISLAM - EUROPE
    Fr Samir: Islamic terror in France and Germany a crisis of integration, but above all of politics

    Samir Khalil Samir

    The kidnapping and murder of a priest near Rouen (France) and the various attacks in Würzburg, Munich, Ansbach (Germany) were carried out by young people, who were indoctrinated with ease. Germany was a model for the integration of refugees. But radical Islam cannot be assimilated. It is supported by Saudi Arabia and Qatar. There is no other road other than integration. But we must tell the truth: the Koran contains elements of war and violence. Western politicians suffer from ignorance and a loss of all moral sentiment.


    AsiaNews IS ALSO A MONTHLY!

    AsiaNews monthly magazine (in Italian) is free.
     

    SUBSCRIBE NOW

    News feed

    Canale RSScanale RSS 

    Add to Google









     

    IRAN 2016 Banner

    2003 © All rights reserved - AsiaNews C.F. e P.Iva: 00889190153 - GLACOM®