ZHANG:
Earnings worries cast gloom on regional markets today despite moves by worldwide central banks to ease strains on credit markets.
In Japan, investors were skittish following the overnight downturn on Wall Street.
Tokyo share prices tumbled. The benchmark Nikkei share index dipped nearly 7 percent, reversing course from yesterday's gains.
Shares in Japanese exporters like Sony and Canon were battered as the yen advanced on the dollar.
Investors in Korea stocks were also taking heed. The benchmark KOSPI index fell 5 percent, hitting a new 3-year low.
Analysts say the Korean government's 130 billion dollar bailout promise has failed to boost overall market sentiment.
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