» 10/27/2008, 00.00
Asian markets drop further, G7 warning over yen
A strong yen creates concerns. Tokyo loses 6 per cent, the lowest point in 26 years. Seoul is down as well despite government steps. Manila is the worst performer with 12 per cent loss.
Tokyo up by 5.22 per cent as shares in Asia surge in response to Obama’s promises
All stock exchanges rise. Shanghai shows smallest gain with only 0.1 per cent. Oil prices up on news of possible production cuts.
Asian stocks up, China’s growth down
Most markets gain. Shanghai, Taipei and Manila dip. China’s economic growth slows to its lowest point in five years because of the Olympics but especially falling exports. World finance is in for major retooling. Oil prices drop as OPEC is set to cut output.
Markets down again, Tokyo loses another 5 per cent
Fears of a global recession are up. Projections are negative for Great Britain. Recession is almost “in sync” in the European Union and the United States. Oil prices drop.
Asian markets lower on recession fears
Only Tokyo closes higher, all the other markets are negative. Although the financial crisis seems to have passed, economic problems remain.
Asian markets fall again with Tokyo losing 5 per cent and Seoul 8 per cent
The crisis is no longer only financial as fears of recession rise. Only 3 per cent of US companies show positive quarterly results. Lower US demand is putting pressure on Japanese and Chinese exports.
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