Market Report - Asia Stocks Slump

And in today's Market Report... Asia's export-driven economies continue to show the strain of sagging consumer demand from Europe and the United States.

China's exports in December fell 2.8 percent from a year earlier, while imports fell over 21 percent.

And shares in China Eastern Airlines fell sharply in Hong Kong. The company says itll report a large loss for 2008 because of slumping traffic and losses on fuel price contracts.

Australia saw the number of job advertisements slump to recessionary levels in December.

A survey shows the number is down almost 30 percent from a year ago and fell 22 percent since September. Thats the sharpest three-month drop on record.

Asian stocks fell for a fourth straight session. The global economic slowdown limited investor enthusiasm about risk-taking. Oil prices remain near 40 dollars a barrel.

Japan's markets were closed for a public holiday.

Category:

News & Politics

Tags:

• ntd
• market report
• asia shares
• money
• trade
• economy
• business
• stock
• oil
• inpex

[zzaznandyzz]

we are in great depression in the usa. I predict the dow jone market will go down 3,000 point by the end of this year.

how? well car maker will go out of business, there will be 8 millions houses in forclose, manufactures decline, and there will be a lots more lay off across the board in later this year, the unemployment in usa right now 20%. there are 4 members in my own family are unemployment for over 1 year already.