Word: benchmarked
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Asian markets got pummeled on Tuesday as investors dumped stocks across the region in the wake of Wall Street's worst decline in seven years. Japan's benchmark Nikkei stock market index closed down nearly 5%, Hong Kong's Hang Seng index fell 5.4%, and Seoul's KOSPI index dropped 6.1%. In Taiwan, where the main index slumped 4.9%, the government encouraged banks and state funds to buy shares to support the market...
...signs point to an ugly day in Asian markets in the wake of Wall Street's worst decline in seven years. Japan's benchmark Nikkei stock market index plummeted 4.6% in early trading, Hong Kong's Hang Seng index fell 6.5%, and Seoul's KOSPI index dropped...
...from a recession, Merrill says that Asian growth is falling below the expected trend of about 8%. Asian policy makers have been limited in their efforts to stimulate growth because of rising inflation, which has forced most central banks to hike interest rates. Indonesia, for example, raised its benchmark rate again this month in an attempt to quell the nation's nearly 12% inflation...
...Indeed, the judges' decision notwithstanding, there's little evidence that Thailand's political crisis is set to end anytime soon. And that's bad for Thai business. Since the PAD rallies began, the country's benchmark stock index has plummeted nearly 25%. After several nations issued travel warnings for Thailand last week, following a fatal street battle in Bangkok between rival groups of political demonstrators, many tourists have canceled trips, depriving the country of badly needed income...
...step down, even if he can no longer work at his own office. The impasse has brought parts of the country to a halt. PAD mobs forced three airports in key tourist areas to shutter, and strikes in support of the opposition have hampered rail services. The country's benchmark stock index has dropped nearly 25% since the protest movement began in late May. In the heart of Bangkok, pro- and anti-government forces are teetering on the edge of an armed conflict in which any implement - sticks, knives, even the odd golf club - can be used against a political...