Word: nikkei
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...Bank, the Bank of England and the Swiss, Canadian and Swedish banks. But the announcement arrived after Asian markets had closed, too late to put the brakes on a near free fall in Asian stocks that began on Monday. In Japan, the world's second-largest economy, the benchmark Nikkei index plummeted 9.4%, its biggest one-day drop since the global stock market crash of October 1987. Hong Kong's benchmark Hang Seng index fell 8.2%, while Seoul's Kospi dropped 5.8%. Indonesia shut down its stock market after shares plunged more than 10%. It is unclear when trading will...
...specter of global recession helped spark Monday's plunge in Asian stocks as Hong Kong's main index fell 5%, Japan's 4.3% and Indonesia's 10%. Markets ended mixed on Tuesday: Japan's Nikkei index dropped 3% while Korea's Kospi and Singapore's Straits Times index both rose slightly. But few were heartened by the feeble bounces...
...which marked the largest one-day points drop in Wall Street history, did not ignite a calamitous selloff on Asian markets. There was some damage after Washington failed to pass a $700 billion bailout plan for the U.S. financial system, the catalyst for Wall Street's plunge. Japan's Nikkei Index fell 4.1% on Sept. 30; after declining in early trading, stocks in China and Hong Kong eked out small gains. "The reaction was not as bad as I had feared," says Dariusz Kowalcyzk, chief investment strategist of CFC Seymour, a boutique investment bank in Hong Kong...
...Japan's Nikkei and Hong Kong's Hang Seng indexes fell by 5% or more in overnight trading before ending Tuesday down 4.1% and .85 respectively; exchanges in London, Paris and Frankfurt all opened slumping before winding up 1.7%, .4%, and 2% ahead. Compare that with Monday's 7% drop the Dow Jones and 9.1% slide on the Nasdaq...
Timing made a difference between market reactions in Asia and Europe on Tuesday. While the Nikkei and Hang Seng rallied to limit losses to 4.1% and .8% respectively by the closing bell, they combined with an early 3.5% drop on Mumbai's Sensex and declines in Australia, South Korea, Singapore and the Philippines to darkened moods in Asia. By contrast, London's FTSE 100 reversed its initial dip to post a 1.7% gain for the day, while Frankfurt's DAX surged to end 0.4% up and Paris' CAC 40 finished the session a full 2% higher. Compare those with Monday...