www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Asian stocks open sharply lower Tuesday

(chinadaily.com.cn/Agencies)
Updated: 2008-01-22 09:09

Asian stocks opened sharply lower on Tuesday, as worldwide markets plummeted following big declines on Wall Street last week amid investor pessimism over Bush administration's stimulus plan to prevent a likely recession.

The Japanese Nikkei 225 opened Tuesday down 500 points, or 3.5 per cent, while Seoul composite down nearly 70 points, or 4 percent.

US markets were closed Monday, for Martin Luther King Jr. Day, but the downbeat mood from last week's market drops circled through Asia, Europe and the Americas. Britain's benchmark FTSE-100 slumped 5.5 percent to 5,578.20, France's CAC-40 Index tumbled 6.8 percent to 4,744.15, and Germany's blue-chip DAX 30 plunged 7.2 percent to 6,790.19.

In Asia, India's benchmark stock index tumbled 7.4 percent, while Hong Kong's blue-chip Hang Seng index plummeted 5.5 percent to 23,818.86, its biggest percentage drop since the September 11, 2001, terror attacks in New York and Washington DC.

Canadian composite index on the Toronto Stock Exchange fell 4.8 percent. Brazilian stocks plunged 6.6 percent on the main index of Sao Paulo's Bovespa exchange, and Argentina's benchmark Merval index fell 6.3 percent.

Investors dumped shares because they were skeptical that an economic stimulus plan President Bush announced Friday would shore up the economy that has been battered by problems in its housing and credit markets. The plan, which requires approval by the US Congress, calls for about $145 billion worth of tax relief to encourage spending.

Concerns about the outlook for the US economy, a major export market for Asian companies, has sent the region's markets sliding in 2008. "It's another horrible day," said Francis Lun, a general manager at Fulbright Securities in Hong Kong. "Today it's because of disappointment that the US stimulus package is too little, too late and investors feel it won't help the economy recover."

Japan's benchmark Nikkei 225 index slid 3.9 percent to close at 13,325.94 points, its lowest close in more than two years. China's Shanghai Composite index plunged 5.1 percent, partly on worries about Chinese mainland banks' exposure to risky US mortgage investments.

"People are certainly nervous about a potential recession in the US spilling over to the rest of the world," said David Cohen, Director of Asian Economic Forecasting at Action Economics in Singapore.

Investors took cues from the negative reaction to the president's plan on Wall Street on Friday, when the Dow Jones industrial average slid 0.5 percent to 12,099.30, bringing its total loss since beginning of 2008 to nearly 9 per cent.

Some analysts predict that Asia won't suffer dramatically from a US recession because increased trade and investment within Asia has made the region less reliant on the United States than in the past. Excluding Japan, 43 percent of Asia's exports go to other nations in the region. But on Monday, uncertainty and pessimism reigned.

Shares of Bank of China dropped 6.4 percent in Hong Kong after the South China Morning Post newspaper reported that the bank is expected to announce a "significant write-down" in US subprime mortgage securities, citing unidentified sources. In Shanghai, the bank's stock declined 4.1 percent.

India's benchmark Sensex index fell 1,353 points, or 7.4 percent - its second-biggest percentage drop ever - to 17,605.35 points. At one point, it was down nearly 11 percent.



Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 一级片免费的 | 亚洲天堂手机在线 | 欧美aaaaaa| 国产在线一区二区 | 一区二区三区国产 | 亚洲爽爽| 久久精品一区二区影院 | 久久亚洲精品23p | 玖玖爱zh综合伊人久久 | 国产成人精品综合久久久 | 456亚洲老头视频 | 男女视频在线看 | 老司机免费福利午夜入口ae58 | 国产原创视频在线 | 午夜主播福利视频在线观看 | 日日爽夜夜操 | 青青视频国产依人在线 | 国产一级视频在线观看 | 亚洲国产免费 | 免费毛片播放 | 久久综合久久88 | 亚洲在线视频免费观看 | 又黄又骚 | 欧美成人三级伦在线观看 | 欧美一级特黄特色大片 | 久久91精品国产91久久小草 | 99在线观看精品免费99 | 免费观看成人久久网免费观看 | 国产精品亚洲精品不卡 | 全免费a级毛片免费看不卡 全免费毛片在线播放 | 韩国一级淫片视频免费播放 | 国产亚洲自在精品久久 | 亚洲欧美日韩综合久久久久 | 亚洲精品国产免费 | 欧美性猛交xxxxx按摩国内 | 欧洲一级毛片 | 亚洲欧美视频 | 亚洲综合日韩欧美一区二区三 | 欧美日韩在线视频一区 | 欧美一级专区免费大片俄罗斯 | 在线观看精品国内福利视频 |