The Markets, They Are Sinking Again...

[WillyT]

Japan their\this morning: http://www.nni.nikkei.co.jp/CF/FR/MKJ/



And remember, today's just starting in the Orient: http://quote.yahoo.com/m2?u

But whadda i know???

:scared:

[Fenris]

1. This ought to be a fun day.

[gristy]

2. Yes, I just thought to look, then saw your post

Here is a good summary: www.indiainfoline.com/news/innernews.asp?storyId=28520&lmn=1

Asian stocks tumble
India Infoline News Service / Mumbai Mar 05, 2007 09:35
The Nikkei is down 390 points at 16,826 while the Hang Seng crashes by 517 points to 18,927. The Straits Times in Singapore plummets 116 points to 2962

Asian stocks plunged this morning, extending last week's global selloff. Toyota and BHP Billiton slid after consumer confidence declined in the US, Asia's biggest export market.

The Nikkei in Japan was down 390 points at 16,826 while the Hang Seng in Hong Kong crashed by 517 points to 18,927. The Straits Times in Singapore plummeted 116 points to 2962 and the Kospi in Seoul dived by 23 points to 1391.

The Morgan Stanley Capital International Asia-Pacific Index slid 1.8% to 140.26 at 11.22 a.m. in Tokyo, its lowest since Jan. 16. It was down 3.5% last week, the most since July.

All benchmarks open for trading fell, except for China's Shanghai and Shenzhen 300 Index which rose 1.1%. Futures for the Standard & Poor's 500 Index in the US were recently 0.4% lower, while those for the Nasdaq Composite Index fell 0.6%.

[Fenris]

3. Appreciation of the yen against the dollar.

Yikes. This is hurting exporters' stocks.

[TahitiNut]

9. I remember when the yen was 200 to the dollar - not all that long ago, either.

[Lydia Leftcoast]

4. Yet the dollar is falling against the yen and rising against the pound

in the topsy turvy world of currency trading.

(Now if both of these trends can continue, it will be very sweet for me personally, since I earn money mostly in yen and plan to travel to the UK in June...)

[WillyT]

6. You Capitalists Have All The Fun, Dammit !!!

:hi::evilgrin::hi:

[pscot]

5. The Nikkei has been performing poorly

for the last year. A 400 point drop isn't that unusual. I speak, sadly, from experience.

[The_Casual_Observer]

7. The US markets fell all last spring & summer.

They picked up in the fall & all was forgotten.

[Nite Owl]

8. Futures down

S&P 9.8
DOW 87
Nasdaq 17.5

Metals and Oil down too. Could change by open but the market doesn't seem in the mood for a rally yet.

[Zynx]

10. Look out below - Nikkei crashed 613 points as of 11:39PM CST.

Ouch.

This won't be pretty.

[Zynx]

11. Check that - almost 700 points now.

[Skink]

12. Iceberg up ahead.

[kineneb]

13. was listenin' to the Beeb

(BBC online) and they were discussing the approaching demise of all those ARM house loans...the Brits sounded concerned, and then they interviewed some deluded Yankee economist who must have been smoking some kind of weird dope... the econ guy says everything is going just fine...you could just feel the disbelief oozing out of the computer speakers... the guys at the Beeb were not buying it.

brown stuff approaching rapidly rotating object...watch out for flying stuff...wear protective clothing, keep head down.

[ORDagnabbit]

14. screw the points...watch the percentages..

Nikkei
16,596.22
-621.71 ( -3.61% )

Hang Seng
18,860.36
-581.65 ( -2.99% )