Market Report - Economic Downturn Fears Spook Asian Markets

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
142 views
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Oct 22, 2008

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.

  • likes, 0 dislikes

Link to this comment:

Share to:
see all

All Comments (0)

Sign In or Sign Up now to post a comment!
Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more