Word: nikkei
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...there is no comprehensive plan for dealing with the mess. The slumping economy will push earnings down 20% or so this year, and a deflationary spiral is keeping just about everyone from making any meaningful investment in the stock market. So prices keep drifting lower. Amazingly, the bellwether Nikkei stock average is now at levels first reached in 1984, down 73% from the 1989 peak...
...Sept. 11 attacks, stock markets plummeted around the globe. After waves of layoffs were announced and consumer confidence ebbed, it seemed the bad news just wouldn't stop. But as the year ended, the major stock indexes - the Dow Jones Industrial Average, London's FTSE 100 and Tokyo's Nikkei - had all rebounded above Sept. 10 levels...
...Seem" is the operative word in that sentence, of course, and many a visitor will tell you that Japan has mastered the art of not appearing to be worried by burying its collective head in the sand; last year alone, after all, the Nikkei index lost a quarter of its value. The maintenance of an upright, even upbeat public face is part of what has led generations of outsiders to talk of "inscrutability" (a nice word for insincerity) and to ask if smiles, in this proud and often aggressive country, are not just a way of keeping tears...
...Meanwhile, Asian markets spent the night jabbing at the panic button. Japan?s Nikkei and Hong Kong?s Hang Seng indexes both slid below its 10,000 level - and that was with innumerable stocks bumping against government-imposed curbs. South Korea's market took the heaviest hit, with the benchmark Kospi sinking 12 percent. Markets in Australia and New Zealand both lost just over 4 percent. Singapore ended down 7.4 percent...
This time around, both the U.S. and German economies are flatlining, while that of Japan continues its slow, downward spiral. The Japanese unemployment rate has risen to 5%, while the Nikkei stock market index last week touched lows not seen since 1984. The world's three most powerful engines are out of juice. Worry...