Tokyo- Asia-Pacific stocks on Thursday mirrored the overnight plunges on Wall Street as credit dried up and fears rose that more financial companies would fail.
The biggest drops in the region were seen in Hong Kong, whose benchmark Hang Seng Index fell as much as 7.38 per cent before recovering; the Philippines at 4.25 per cent; and Thailand, which regained some ground after suffering losses of more than 5 per cent during the trading day.
The rebounds were seen after six central banks agreed to pump billions of dollars of extra credit into financial markets amid fears that this week's crisis was drying up liquidity.
Tokyo - Asia-Pacific stocks on Thursday mirrored the overnight plunges on Wall Street as credit dried up and fears rose that more financial companies would fail.
The biggest drops in the region were seen in Hong Kong, whose benchmark Hang Seng Index fell as much as 7.38 per cent before recovering; the Philippines at 4.25 per cent; and Thailand, which regained some ground after suffering losses of more than 5 per cent during the trading day.
Tokyo - The Bank of Japan (BOJ) injected 1.5 trillion yen (14.3 billion dollars) into the money market Thursday to stabilize the markets affected by the fallout from the collapse of US investment bank Lehman Brothers earlier this week.
Japan's central bank moved on its emergency operation for the third day.
BOJ pumped 5.5 trillion yen into the markets over the last two days, while banks said potential losses from the collapse were relatively small as they had limited their exposure.
Tokyo - As more Japanese companies affiliated with collapsed US investment bank Lehman Brothers filed for bankruptcy on Wednesday, the Japanese government said the nation's markets would only suffer limited negative effects from the fallout.
Sunrise Finance and Lehman Brothers Commercial Mortgage filed for bankruptcy Wednesday with total liabilities of around 7 billion dollars, news reports said.
Tokyo, Sept. 17 : North Korea has tested the engine mechanism for an intercontinental missile that might be able to hit major cities on the U. S.
An account published Tuesday in the South Korean press and reported by the Washington Post said that Jane’s Defense Weekly had identified the location of the previously unknown missile launch site as being on the west coast of North Korea.
Commercial satellite images revealed that the facility has a mobile launch pad and a 10-story tower that would support the North''s largest ballistic missiles,
Tokyo- Asia-Pacific stocks on Thursday mirrored the overnight plunges on Wall Street as credit dried up and fears rose that more financial companies would fail.
Tokyo - Asia-Pacific stocks on Thursday mirrored the overnight plunges on Wall Street as credit dried up and fears rose that more financial companies would fail.
Tokyo - The Bank of Japan (BOJ) injected 1.5 trillion yen (14.3 billion dollars) into the money market Thursday to stabilize the markets affected by the fallout from the collapse of US investment bank Lehman Brothers earlier this week.
Tokyo - As more Japanese companies affiliated with collapsed US investment bank Lehman Brothers filed for bankruptcy on Wednesday, the Japanese government said the nation's markets would only suffer limited negative effects from the fallout.
Tokyo, Sept. 17 : North Korea has tested the engine mechanism for an intercontinental missile that might be able to hit major cities on the U. S.
