26 November, 2014 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


» 10/27/2008
ASIA
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.

Hong Kong (AsiaNews/Agencies) – At today’s opening Asian shares began their downward trend again as operators fear an even deeper recession. 

Tokyo’s Nikkei index lost 6 per cent by midday, hitting a 26-year low.

G7 countries warned that the surging yen posed a threat to Japanese exports as the world's second-largest economy tumbles toward recession.

Japanese Prime Minister Taro Aso asked ministers to consider emergency measures to stabilise the stock market, including government purchases of shares and relaxing rules on recapitalisation of banks.

Other indexes are not doing much better, Seoul was down by 4 per cent by midday even as the country's central bank slashed its key interest rate by 0.75 per cent for the second time this month in a bid to boost the economy and reverse the market's recent slide.

Hong Kong slipped by 4.2 per cent; Shanghai, by 3.61 per cent; Taipei, by 4.65 per cent; Manila, by 12.3 per cent; Jakarta, by 6 per cent; Bangkok by 6.96 per cent. Singapore and Kuala Lumpur were closed instead for a public holiday.

Crude oil prices were steady at around US$ 64.14 a barrel after OPEC moved to cut production in an attempt to halt rapid declines.


e-mail this to a friend printable version

See also
11/25/2008 ASIA
Tokyo up by 5.22 per cent as shares in Asia surge in response to Obama’s promises
10/20/2008 ASIA
Asian stocks up, China’s growth down
10/23/2008 ASIA
Markets down again, Tokyo loses another 5 per cent
10/15/2008 ASIA
Asian markets lower on recession fears
10/22/2008 ASIA
Asian markets fall again with Tokyo losing 5 per cent and Seoul 8 per cent

Editor's choices
IRAQ - ITALY
Letter from Archbishop of Mosul: Thank you for your aid, supporting the plight of refugees
by Amel NonaThe donations made through the "Adopt a Christian from Mosul" campaign are used to buy food, warm clothes, blankets for refugees and rent houses or caravans given the early onset of winter and. Two women have defended their Christian faith before the Islamist militants who wanted to convert them, despite the threat of death. A refugee among refugees, Msgr. Nona discovers a new way of being a pastor.
IRAQ - ITALY
Almost 700,000 euros raised as the 'Adopt a Christian from Mosul' campaign continues
by Bernardo CervelleraA second instalment is sent with funds raised in September. The fate of East-West relations is being played out in the Middle East and Iraq. Pope Francis and the Synod issue an appeal. Governments are lukewarm. Aid is coming from around the world. A new international community is defeating the "globalisation of indifference."
IRAQ-VATICAN
"Adopt a Christian from Mosul": Archbishops’ thanks as first aid arrives
by Amel NonaMsgr. Amel Nona, the Chaldean Archbishop of Mosul, who is also a refugee himself, thanks all the donors to the AsiaNews campaign. The situation is increasingly difficult given the huge number of refugees and the arrival of winter and snow, making outdoor shelters and tents impossible. The crisis, an occasion that activates the faith of Christians.

Dossier

by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
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.