Word: honge
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...Thursday brought dreaded confirmation that markets look set to remain in tank mode until they find reason for taking heart anew. In addition to the 11.4% slump of Nikkei - its biggest single-day drop since the October, 1987 crash - trading Thursday elsewhere in Asia pushed Hong Kong's Hang Seng down 4.8%, South Korea's down 9.44%, and Singapore Straights Times Index down 5.5%. Europe faired no better, with London's FTSE 100 and Paris' CAC 40 indices reflecting mid-morning declines of nearing 2.5%, and Frankfurt's Dax off 1.3%. Market commentators warned that trading could see-saw throughout...
...plan to bail out its finance and banking system will prove effective. For those reasons, some see flightiness reigning in stock markets for the foreseeable future. "I expect volatility to continue for some time as long as confidence hasn't been restored," says Matthew Kwok, head of research at Hong Kong's Tanrich Securities. "Sentiments are quite pessimistic...
...Wednesday's activity reflected that measured concern dominating the ebullience that drove the previous two sessions. Apart from Tokyo's Nikkei - which ended the day 1.1% higher - bourses across Asia all slumped. Hong Kong's Hang Seng lost 5%, for example, following its 13% surge earlier in the week. Europe suffered similar shrinkage as London's FTSE 100 slipped 3.5% by noon, while Paris' CAC 40 and Frankfurt's Dax both shedded 3.1%. Some of that slippage, market analysts said, came from profit-taking on gains posted earlier in the week. But the major factor came from broader concern...
...Hong, the manager of the music business department at the Isang Yun Peace Foundation, wrote in an e-mail that the concert’s organizers invited Koh to perform Yun’s cello concerto because “Bong-Ihn’s playing Isang Yun’s music has the infinite possibility to contribute to the peace and reunification of North and South Korea...
Although it is unclear whether North Korea’s “Great Leader,” Kim Jong-il, will attend, higher officers from the North Korean Ministry of Culture, students, and citizens will be among the audience members, Hong said...