» 11/06/2008, 00.00
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.
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.
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.
Asian markets recover as G20 gets under way
Gains in almost all markets except Mumbay. Expectations ahead of today’s gathering in Washington.
Asian markets slide: recession stronger than stimulus plan
Markets insensitive to China’s aid package (circa 600 billion dollars). Shanghai alone shows small gains (+0.36). Inflation falls in China, but this too is a sign of recession.
Asian markets up but recession fears remain
All stock exchanges gain ground thanks to lower interest rates. Even Tokyo is considering cutting its interest rate.
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