Tropical Storm Muifa left three people dead and one missing in South Korea Monday, after sweeping up the Chinese coast. South Korean officials say Muifa has toppled hundreds of power lines, cutting power to thousands of houses in southwestern provinces, while roads, port facilities and breakwaters on the country’s west coast were destroyed in dozens […]
Storm Batters Chinese Coast, Kills 3 in South Korea
S&P Sees No Immediate Danger of Downgrading Asian Economies
Credit rating agency Standard and Poor’s assured global investors Monday that its historic downgrade of the U.S. credit rating would have no immediate impact on Asia-Pacific sovereign ratings, but could have a negative impact in the long run. S&P lowered its rating for U.S. government debt on Friday to AA+ from AAA . In a […]
Asian Markets Nosedive
Asian stock markets tumbled across the board Friday. Tokyo’s Nikkei index dropped 3.72 percent , to close at 9,300. Hong Kong’s Hang Seng plunged 4.29 percent , to end at 20,946. Elsewhere, share prices dropped in Shanghai, Sydney, Mumbai, Singapore, Kuala Lumpur, and Bangkok. Markets also fell in Jakarta, Wellington, Manila, Taipei and Seoul. The […]
Asian Markets Tumble
Asian stock markets took a nosedive in early trading Friday. Tokyo’s Nikkei index dropped 3.72 percent , to close at 9,300. Hong Kong’s Hang Seng plunged 4.29 percent , to end at 20,946. Elsewhere, share prices dropped from more than one to more than five percent in Taipei, Sydney, Manila, Shanghai and Wellington. The dollar […]
US Vice President to Visit China, Mongolia and Japan
U.S. Vice President Joe Biden is to visit China, Mongolia and Japan later this month. The vice president’s office made the announcement Thursday. The statement says Biden will depart for the region August 16. In China, he will meet with President Hu Jintao, Premier Wen Jiabao and other top leaders. Biden is also scheduled to […]
Asia Markets Close Mostly Lower
Major Asian stock markets closed mostly lower Thursday. Tokyo’s Nikkei index gained nearly one-quarter of one percent to finish at 9,659. Hong Kong’s Hang Seng index dropped one-half of one percent to finish the day’s trading at 21,885. Share prices were higher in Kuala Lumpur, Manila, Shanghai and Wellington, but lower in Bangkok, Jakarta, Mumbai, […]
Asian Stocks Mixed
Asian stock markets closed mixed Thursday. Tokyo’s Nikkei index gained nearly one-quarter of one percent to finish at 9,659. Hong Kong’s Hang Seng index dropped one-half of one percent to finish the day’s trading at 21,885. Share prices were higher in Manila, Shanghai and Wellington, but lower in Sydney and Taipei. In currency trading, the […]
Asia Markets Close Mostly Higher
Major Asian stock markets closed lower Wednesday. Tokyo’s Nikkei index plunged more than two percent to finish at 9,637. Hong Kong’s Hang Seng index lost nearly two percent to finish the day’s trading at 21,993. Share prices were also lower in Bangkok, Jakarta, Kuala Lumpur, Manila, Mumbai, Seoul, Shanghai, Singapore, Sydney, Taipei and Wellington. In […]
Asian Stocks Lower
Asian stock markets closed lower Wednesday. Tokyo’s Nikkei index plunged more than two percent to finish at 9,637. Hong Kong’s Hang Seng index lost nearly two percent to finish the day’s trading at 21,993. Share prices were also lower in Manila, Shanghai, Sydney, Taipei and Wellington. In currency trading, the dollar was selling at 77.33 […]
Asia Markets Close Lower
Major Asian stock markets closed lower Tuesday. Tokyo’s Nikkei index dropped nearly one and one-quarter percent to finish at 9,845. Hong Kong’s Hang Seng index fell one percent to finish the day’s trading at 22,421. Share prices were also lower in Bangkok, Jakarta, Kuala Lumpur, Manila, Mumbai, Seoul, Shanghai, Singapore, Sydney, Taipei and Wellington. In […]