Asia

Asia stocks revive on bargain hunting

Hong Kong  - Asia markets rebounded as investors hunted for bargains on Tuesday, with Hong Kong making the greatest recovery of more than 14 per cent just a day after seeing their worst one-day fall for 11 years.

The blue-chip Hang Seng Index climbed 1,580.45 points, or 14.35 per cent, to close the day at 12,596.29 points, recovering all its losses from Monday in one of its biggest one-day rallies ever.

Turnover was 66 billion Hong Kong dollars (8.51 billion US dollars) and the scale of the recovery forced the stock market to issue a statement saying the "unusual" activity appeared legitimate.

Asian markets start week with further plunge

Tokyo  - Asian markets plummeted to new lows Monday, with trading halted at several stock exchanges, as investors across the region stepped up panic-selling on concerns that tumbling share values would drag economies into recession.

Stocks in Tokyo nosedived, as the benchmark Nikkei 225 tumbled 486.18 points, or 6.36 per cent, to close at 7,162.9, the lowest level in 26 years. The market crisis has shaved off half the value off the Nikkei this year.

The broader Topix index of all first-section issues also lost 59.65 points, or 7.4 per cent, to 746.46.

The Bank of Japan injected 600 billion yen (6.37 billion dollars) into the money markets Monday to ease a credit crunch as stocks prices plunged.

French shares sink after Asian deluge

Paris, FranceParis - French shares were down sharply in early trading on Monday following panic sell-offs on several Asian markets overnight.

At mid-morning, the CAC 40 index had lost 5.45 per cent, to 3,019.87, with 39 of its 40 listed stocks on the down side.

The bank Societe Generale was the biggest loser, off by 10.73 per cent, to 40.17 euros, while car maker Renault, which is drastically cutting back production, lost 7.88 per cent, to 20.45 euros.

Asian markets start week with further plunge

Tokyo - Asian markets plummeted to new lows Monday, with Japan's key Nikkei index leading the plunge, as investors across the region stepped up panic-selling on concerns that tumbling share values would drag economies into recession.

Stocks in Tokyo nosedived, as the benchmark Nikkei 225 tumbled 486.18 points, or 6.36 per cent, to close at 7,162.9, the lowest level in 26 years. The market crisis has shaved off half the value off the Nikkei this year.

The broader Topix index of all first-section issues also lost 59.65 points, or 7.4 per cent, to 746.46.

The Bank of Japan injected 600 billion yen (6.37 billion dollars) into the money markets Monday to ease a credit crunch as stocks prices plunged.

Asia likes McCain's free trade, Obama's diplomacy

Asia likes McCain's free trade, Obama's diplomacyBangkok ­ One thing is for sure: the next US president will come to the White House with some first-hand experiences in Asia.

Republican John McCain, 72, a decorated war hero, was shot down on a bombing mission in 1967 over North Vietnam, captured and tortured in the notorious "Hanoi Hilton," where he was kept as a prisoner of war until 1973.

Democrat Barack Obama, 47, spent part of his peripatetic youth in Indonesia, where he attended a public Muslim school - not a Madrassah as some of his critics have alleged - in Jakarta between 1969-71.

ASEM endorses India’s call to solve global financial crisis

ASEM endorses India’s call to solve global financial crisisBeijing, Oct 25 : The Asia-Europe Summit has concluded here with a call to the Asian and European nations to safeguard international financial stability and promote world economic growth.

The two-day Summit of the 45 members Group, made a fervent appeal for a joint global action to respond to the financial crisis.

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