26 November, 2015 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile

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

e-mail this to a friend printable version

» 11/07/2008
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
11/06/2008 ASIA
Asian markets down: the recession eclipses the “Obama phenomenon”
11/10/2008 ASIA
Asian markets rally in wake of Beijing rescue plan
11/20/2008 ASIA
Asian markets fall tracking US pessimism
01/22/2008 ASIA
Asian stock markets continue free fall
11/14/2008 ASIA
Asian markets recover as G20 gets under way

Editor's choices
Paris Massacre highlights the failure of Muslim integration in Europe
by Catherine FieldThe attack in the heart of France highlights the crisis of Europe’s model of coexistence. Social unrest, poverty and marginalisation feed youth extremism and radicalisation. A New Zealander journalist, expert on expertise in religion and interfaith dialogue, talks about it after undertaking a journey through the French Muslim world.
For Nîmes imam, Islam should not be held hostage by extremists
by Hochine DrouicheFrench imams condemn the Paris terrorist attacks and disassociate themselves from violence committed in "the name of our religion." At the same time, they ask Muslim communities to dare leading a life of dialogue and friendship with Europeans, without fear or arrogance. For centuries, Muslims have ruled out reason from their religious life. The vice president of French imams bears witness.
AsiaNews marks 12 years: Persecution and hope
by Bernardo CervelleraDespite a worldwide increase of ignorance, indifference and superficiality, many signs of love and hope resist even in the most gloomy situations: the Iraqi mother who gives birth to her child in a refugee camp and smiles even though she has nothing; the Indonesian Muslim mother who blesses her son who became a Christian and a priest; the Chinese Christian families that welcome children thrown away because of the one-child law.


Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.