19 November 2017
AsiaNews.it Twitter AsiaNews.it Facebook
Geographic areas




  • > Africa
  • > Central Asia
  • > Europe
  • > Middle East
  • > Nord America
  • > North Asia
  • > South Asia
  •    - Afghanistan
  •    - Bangladesh
  •    - Bhutan
  •    - India
  •    - Nepal
  •    - Pakistan
  •    - Sri Lanka
  • > South East Asia
  • > South West Asia
  • > Sud America
  • > East Asia


  • » 10/15/2008, 00.00

    ASIA

    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.

    Hong Kong (AsiaNews/Agencies) - Asian stock markets headed lower today, with Tokyo the only exchange higher at the close. According to analysts, although the financial crisis seems to have been overcome, there are fears of a general recession.

    Tokyo closed with a gain of almost 1.1%, after a seesaw opening. Markets in Hong Kong, Shanghai, Seoul, Taiwan, and Australia were negative. Shanghai closed down by 1.12%; Hong Kong fell by 4.96%. In recent days, it had risen by almost 14%.

    Sydney lost 0.9%; New Zealand fell by 1.5%; Seoul by 2%; Taipei by 0.86%.

    At midday, Singapore was at -2.2%; Bangkok increased by 0.23%, after opening negative.

    World governments - including those in Asia - have flooded the market with cash to overcome the financial crisis, but according to some experts, investors are concerned about the situation of the global economy and of the high probability of lower corporate profits because of weak consumption.

    e-mail this to a friend Printable version










    See also

    30/09/2008 ASIA - U.S.
    Depth of the abyss of economic, social, political chaos
    The worldwide financial situation was disastrous even before the rejection of the U.S. emergency plan. The Paulson plan for 700 billion dollars is enormous (432,10% of the total U.S. deficit), but it pales in comparison to the mountain of financial paper in circulation, well above 20% of global economic production.

    23/10/2008 ASIA
    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.

    19/05/2010 ASIA
    Asian shares drop following German ban
    Germany announced yesterday a ban on unsecured sales of sovereign and other debt. Asian shares react negatively to the announcement as the euro drops further. Many fear that Europe’s crisis might be worse than it appears to be, and that it could lead to a financial crisis like that of 2008.

    24/11/2008 CHINA
    Beijing tries to stimulate domestic consumption, against unemployment and revolts
    The sharp slowdown in Chinese exports is destroying millions of jobs. Beijing is afraid that this will lead to more protests, and is cutting taxes and providing subsidies to stimulate domestic consumption.

    29/09/2008 ASIA
    Asian markets slump in response to U.S. financial rescue plan
    Despite a new injection of liquidity by the central bank, Tokyo's stock market closes 1.26% lower. Other indices also negative. The emergency plan to stabilize the economy still has many opponents among both Democrats and Republicans. Voting will be held today in Washington.



    Editor's choices

    HONG KONG - CHINA - VATICAN
    Mass for a deceased underground priest. Card. Zen asks for God ‘s grace to save the Church in China and the Holy See from the 'precipice'

    Li Yuan

    Fr. Wei Heping, 41, died in mysterious circumstances, his body dumped in a river in Taiyuan (Shanxi). For the police claim he committed suicide. Family members are not allowed to even see the autopsy report. For Card. Zen the Holy See (which "is not necessarily the Pope") seeks a compromise at all costs with the Chinese government, risking "to sell out the faithful Church". Justice and Peace publish a booklet about Fr. Wei, not to forget.


    VATICAN - ITALY
    Pope: No more war, its only fruit is death, 'our self-destruction'



    Marking the Feast of All Souls, Francis celebrated Mass at the American Cemetery in Nettuno. "When so many times in history men think of a war, they are convinced of bringing a new world, they are convinced of making a 'spring'. It ends in a winter, ugly, cruel, with the reign of terror and death."


    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®