Market Report Asian Stocks Mixed, Market Fears Remain

ZHANG:
Asia stocks were mixed on Friday with some positive news from the U.S. technology sector helping ease fears of a global recession.
Japan's benchmark Nikkei rose more than two-and-a-half percent, rebounding after yesterday's biggest one-day loss since the stock market crash of 1987.

Shares in automaker Honda and other exporters were boosted by a weaker yen. But many Japanese are concerned over the fluctuations in the market.

[Kazuo Furutoshi, Former City Council Member]:
"Stocks have already hit the bottom of Hell. So now the question is can they go 'below Hell."

South Korea sell-offs continued amidst investors fears over the country's ability to weather an imminent recession.

In southern China, the effects of a global economic downturn were illustrated as hundreds of workers gathered outside a toymaker to request unpaid wages.

Factories in the region have already been hard-hit by the falling exports due to decreased global demand.

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News & Politics

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