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  • Exchanges in Asia registered the most serious sessions in its history

    Exchanges in Asia registered the most serious sessions in its history. All indices in the region reported huge losses, which fell regional benchmark MSCI Asia Pacific by 5.4 percent to 80.21 points. Thus it is on track to achieve weekly decline for the seventh time in the last eight weeks. Today more than 900 total 990-they fall in the index lower market capitalization.
    For the week MSCI Asia Pacific fell by 8 percent, increasing loss from the beginning of the year to 49 percent. As a consequence ratio price/earnings per share of listed companies in the index fell to only 1.1 percent, which is far below the figures for Europe and the United States, commented Bloomberg.

    Today in Japan Nikkei 225 failed to 9.6 percent to 7 649.08 points, which is its lowest level since April 2003 onwards. Interestingly, it is shown with only 42 points above the bottom recorded in 1982. Since the beginning of the week Nikkei 225 fell by 12 percent, as the main reason for this is a strong appreciation of the Japanese yen and fears of recession.

    Public auctions in South Korea were even more drastic. Kospi index dropped by 10.6 percent to 938.75 points. This is the first closing below 1 000 index points from June 2005 to date. Since the beginning of the week indicator is thrown down by over 22 percent, which has not happened by the Asian crisis of 1997 onwards. Caused a panic on the markets gave data to slow the growth of the economy, which increased fears of recession. They were supported by a decline in the rate of the currency by 2.5 percent against the dollar for one day.

    In Hong Kong Hang Seng fell by 7.75 percent to 12 693.49 points today. This was achieved weekly loss of nearly 13 of the WTO, a series of negative already swelling of eight consecutive weekly decline, which occurs for the first time since 2002 until now. In a major contribution to today’s reductions were representatives of the financial sector in the country, which decreased its capitalization by 7-8 percent.

    Chinese CSI 300 index fell to new 2.9 percent today to finish at 1 781.60 points. In Taiwan Taiex fell by 3.2 percent to 4 579.62 points, but Pacific index recorded decreases of 2.64 percent in Australia and 1.03 percent in New Zealand.

    Of open markets for trade auctions continue with full force and a powerful chip indexes down. In Thailand SET fell by 6.5 percent to 435.24 points in Indonesia Jakarta Composite sinking by 7.28 percent to 1 239.81 points, and the Indian BSE Sensex index fall by 8.31 percent to 8 960, 08 points. Exchange of Singapore Straits Times decreased 8 percent to 1 604.91 points.

    Significant growth of exchanges in Europe Asian indexes increased up to today’s session Most indexes in Europe decreased due to the bankruptcy of Washington Mutual Again weak data in the U.S. press in Exchange indexes down U.S. market shares and Election Stock exchanges in Russia with great growth today Fears of recession continued pessimism returned to Wall Street The price of oil went down again Confidence in the economy of Germany fell more than expected US ‘keen to strengthen Asia ties’ East Asia nations hit by downturn The price of oil continues to fall The crisis of capital markets in the U.S. continues UK interest rates at low levels for the past 57 years The price of oil lowest for the past 21 months Investment and investitions in Russian business and market Indexes in the U.S. went to increase. Sales of new homes in the U.S. with unexpected rise in September Real estate funds in Asia has 10 billion dollars unused capital The market for office areas in Europe asks for tenants Negative growth in Spain of the GDP decrease in mortgage loans Volkswagen briefly became the biggest company in the world by market capitalization Week of mourning for Kenya fires US warning on South Asia tension Threat to US base in Central Asia UK nuclear veterans launch case China begins anti-piracy mission US woman gives birth to octuplets Possible regulation of markets for raw materials in U.S. Russian billionaire lost 230 billion dollars since the beginning of the crisis HSBC - a conservative approach for the salvation of the crisis US plane ‘crashed flat on house’ Japan’s industrial output plunges Russian gas flows back to Europe It is expected that 1.2 million homes in Britain can cost less than their mortgage Israel steps up offensive on Gaza Israel to probe phosphorus claims Hamas announces ceasefire in Gaza United States stopped short selling of financial shares Bush says Hamas to blame for Gaza Israeli troops enter Gaza Strip The U.S. Federal Reserve provide 800 billion dollars to encourage lending Threat of forced sales over the papers of leading Spanish companies Provide up to 30 percent decline in the value of business properties in the U.S. Oil noted weekly decline of nearly 10 percent. Limited fall in prices of raw materials U.S. automotive manufacturers can benefit from financial Rescue Plan Bankruptcy of Iceland, IMF helps the country G7 draw everything necessary to unfreeze money and credit markets Car manufacturers in China seek government assistance Oil leaps to 5 percent, gold also rose up General Motors and Chrysler want help from the government for its merger
    Friday, October 24th, 2008 at 14:20
    Tags: asia, benchmark, exchanges, Finances, market, Markets, shares
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