Word: nikkei
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...What happened? First of all, heavy selling in Tokyo ? where the blue-chip Nikkei 225 index plummeted 697.51 points, or 4.2 percent, to end at 15836.36. It was the first time the index retreated below the 16000 mark since 1995. The Hang Seng index in Hong Kong dropped another 2.95 percent Friday, ending down...
...Japan's markets, meanwhile, blew hot and cold in Thursday's trading. The Nikkei 225 index bumped up 85.82 points, or 0.5 percent, recovering after Wednesday's 52.05-point drop. But losers outnumbered winners 4 to 1, and other major market indexes closed lower...
...good enough to help break the follow-the-leader pattern of the world's stock markets today. Despite the Dow Industrial's 125-point slide on Wednesday, Hong Kong's Hang Seng index climbed a solid 260.92 points, to 10,623.78, today, or about 2.52%. In Japan, the Nikkei 225 was up 94 points, to 16,458.94. Australia and New Zealand also were up. In Indonesia, the Jakarta Composite was down slightly as traders waited for details on the restrictions imposed by the aid package, including what the New York Times called "wide-ranging austerity measures...
...again, dour comments by Federal Reserve chief Alan Greenspan on the state of the U.S. economy have touched off a world-wide spate of panic selling, reports Money Daily. Southeast Asian markets were the most affected, with Hong Kong's Hang Seng index dropping 4 percent and Japan's Nikkei falling nearly 250 points. The bulls were equally spooked in Europe - Germany's DAX and Britain?s FTSE were sinking slowly early Thursday. All this on the back of Greenspan expounding a very simple economic truism: higher employment means higher wages and higher prices. What on earth would happen...
SETTING SUN FOR JAPANESE STOCKS Japan's economy purportedly grew fastest of all the industrial countries last year, had no inflation and near zero interest rates. Ideal ingredients for a booming stock market. Yet Japan's stock market is rolling like a snowball down Mount Fuji. The Nikkei 225 index dropped more than 10% so far this year, to 17689,and some 55% off its peak of 38915, reached...