Asia Markets Fall on Wall Street Decline

[question everything]

Source: AP

AP
Asia Markets Fall on Wall Street Decline
Thursday November 8, 12:14 am ET

TOKYO (AP) -- Asian stocks slid lower Thursday as traders took their cues from an overnight slump on Wall Street. Japan's benchmark Nikkei 225 index fell 2.8 percent. The Nikkei was down 449.39 points at 15,647.29 points on the Tokyo Stock Exchange shortly after the start of the afternoon session. The broader Topix index of all the exchange's First Section issues fell 49.32 points, or 3.17 percent, to 1,507.37.

In Hong Kong, the benchmark Hang Seng Index fell 3.7 percent. By early afternoon, the blue chip index was down 1,086.95 points at 28,621.98. Traders in Japan sold real estate, commodities and financial shares amid renewed concern about the impact of the subprime loan problem.

(snip)

In currencies, the dollar was trading at 112.76 yen Thursday afternoon, down from 112.88 yen late Wednesday in New York. The euro fell to $1.4643 from $1.4730.




Read more: http://biz.yahoo.com/ap/071108/asia_markets.html

[mallard]

1. Re: steep grade

[regnaD kciN]

2. OTOH, looks like the Dow is headed up in after-hours trading...

It was down another 40 points earlier on, now it's climbed back to 13,361, or about 60 points higher than yesterday's close. (The British and German markets, after being down most of the day, seem to have crossed into positive territory as well.) Of course, all that may change by the time the market opens this morning.

:shrug: