New Delhi, Jan 24 : China's semiconductor market is expected to shrink 5.8 percent in 2009, the first significant setback for the industry, a market report has said.
Total sales of chips is forecast to drop to 72 billion dollars in 2009 from 76.5 dollars billion a year before, US-based market research firm iSuppli said in its latest report.
The project sales fall would add to the woes of the global semiconductor market, which is expected to drop 9.4 percent this year, the China Daily quoted the report, as saying.
The Sensex, which showed some signs of a recovery around noon, has slipped further into the negative zone on the back of continued selling action witnessed in several large, medium and small cap stocks.
Realty, metal, capital goods and power stocks plunged the most.
Mirroring the sell-off, several stocks from banking, IT and auto segments also fell sharply.
Select pharma, oil and consumer durables stocks hold on in the positive territory remained quite subdued.
Tokyo - Japan's key Nikkei 225 Stock Average extended its losses Friday to a two-month low after Sony Corp announced a projected record operating loss for fiscal 2008.
The Nikkei index tumbled 306.49 points, or 3.81 per cent, to close at 7,745.25, and the broader Topix index of all first section issues was also down 22.36 points, or 2.81 per cent, at 773.55.
Sydney - Australian stocks tumbled Friday on news from Beijing that growth in China's economy had almost halved to 6.8 per cent in the year to December.
The ASX 200 lost 144 points, or 4.1 per cent, to 3,342. China's National Bureau of Statistics put out the figures that showed the likelihood of the first economic reversal in 16 years.
"They're worse than the market expectations and they confirm that the Chinese boom that has supercharged the Australian economy over the past five to seven years is receding rapidly," Finance Minister Lindsay Tanner said.
Tokyo - Stocks declined more than 2 per cent in Tokyo Friday morning after Sony Corp announced a projected record operating loss for fiscal 2008.
The benchmark Nikkei 225 Stock Average plunged 228.4 points, or 2.84 per cent, to 7,823.34, and the broader Topix index of all first section issues was also down 16.29 points, or 2.05 per cent, at 779.62.
New Delhi, Jan 24 : China's semiconductor market is expected to shrink 5.8 percent in 2009, the first significant setback for the industry, a market report has said.
The Sensex, which showed some signs of a recovery around noon, has slipped further into the negative zone on the back of continued selling action witnessed in several large, medium and small cap stocks. 
Tokyo - Japan's key Nikkei 225 Stock Average extended its losses Friday to a two-month low after Sony Corp announced a projected record operating loss for fiscal 2008.
Sydney - Australian stocks tumbled Friday on news from Beijing that growth in China's economy had almost halved to 6.8 per cent in the year to December.
Tokyo - Stocks declined more than 2 per cent in Tokyo Friday morning after Sony Corp announced a projected record operating loss for fiscal 2008.
