Showing Archived Posts

Muifa Causes 10 Casualties, Crop Damage in North Korea

Posted August 9th, 2011 at 7:35 am (UTC-5)
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North Korea says it suffered at least 10 people dead or injured and thousands of hectares of cropland damaged as Tropical Storm Muifa swept across its territory Tuesday. The storm surged through the Yellow Sea, battering both China and South Korea, before coming ashore in North Korea late Monday. It continued to dump heavy rain […]

Tags: , , , Posted in East Asia Pacific

Asian Markets Mostly Lower

Posted August 9th, 2011 at 7:00 am (UTC-5)
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Asian stock markets closed mostly lower Tuesday. Japan’s Nikkei index was down 1.68 percent to close at 8,944. Hong Kong’s Hang Seng index slumped 5.66 percent to end at 19,331. Elsewhere, markets closed lower in Manila, Wellington, Jakarta, Bangkok, Kuala Lumpur, Mumbai, Seoul, Taipei and Shanghai. The market in Sydney closed higher, while the Singapore […]

Tags: , Posted in Economy

Asian Markets Rebound Partly After Steep Early Losses

Posted August 9th, 2011 at 4:55 am (UTC-5)
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Asian traders suffered another roller coaster day Tuesday, watching stocks tumble dramatically at the day’s opening only to recover partly before the close. Gold broke new records, surging to more than $1,770 an ounce before settling back later in the day. Oil fell. Analysts said the partial recovery was based in part on hopes that […]

Tags: , Posted in East Asia Pacific

Asian Markets Mostly Lower

Posted August 9th, 2011 at 4:40 am (UTC-5)
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Asian stock markets closed mostly lower in Tuesday trading. Japan’s Nikkei index was down 1.68 percent to close at 8,944. Hong Kong’s Hang Seng index slumped 5.66 percent to end at 19,331. Elsewhere, markets closed lower in Manila, Wellington, Taipei and Shanghai. The market in Sydney closed higher. The dollar was selling at 77.34 yen, […]

Tags: , , Posted in Economy

China, South Korea Turn to Clean-up After Tropical Storm

Posted August 9th, 2011 at 1:40 am (UTC-5)
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Cleanup operations began Tuesday in China and South Korea after Tropical Storm Muifa swept through the Yellow Sea, battering both coasts. Chinese authorities said the storm destroyed 600 homes and caused $480 million in damage as it swept up the nation’s eastern coast. About 1.35 million people were evacuated as a precautionary measure. South Korean […]

Tags: , Posted in East Asia Pacific

Tropical Storm Causes Havoc in China, Koreas

Posted August 8th, 2011 at 11:50 am (UTC-5)
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A tropical storm has slammed into northeastern China, threatening a chemical plant. High waves caused by tropical storm Muifa breached a dyke Monday morning at the Fujiahua chemical plant in the city of Dalian. Residents in the area were evacuated as a precautionary measure, while soldiers and workers reinforced the dyke with large stones and […]

Tags: , , , Posted in East Asia Pacific

Asian Stock Markets Tumble

Posted August 8th, 2011 at 6:30 am (UTC-5)
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Asian stock markets tumbled Monday. Tokyo’s Nikkei index fell nearly 2.2 percent to close at 9,098. Hong Kong’s Hang Seng index also dropped nearly 2.2 percent to end at 20,491. Elsewhere, share prices were lower in Taipei, Kuala Lumpur, Jakarta, Wellington and Manila. Markets also closed lower in Shanghai, Seoul, Sydney, Singapore, Mumbai and Bangkok. […]

Tags: , Posted in East Asia Pacific

Asian Markets Dive Despite Rating Agency’s Assurances

Posted August 8th, 2011 at 5:30 am (UTC-5)
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Asian markets nose-dived Monday, despite assurances from credit rating agency Standard and Poor’s that its historic downgrade of the U.S. credit rating would have no immediate impact on Asia-Pacific sovereign ratings. South Korea’s stock market plunged by more than 7 percent before recovering partly to close down 3.8 percent. Shanghai’s market was down by a […]

Asian Markets Tumble

Posted August 8th, 2011 at 4:35 am (UTC-5)
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Asian stock markets tumbled in trading Monday. Tokyo’s Nikkei index fell nearly 2.2 percent to close at 9,098. Hong Kong’s Hang Seng index also dropped nearly 2.2 percent to end at 20,491. Elsewhere, share prices dropped around three percent in Shanghai, Sydney, Wellington, Taipei and Manila. The dollar was selling at 77.83 yen in currency […]

Tags: , , Posted in East Asia Pacific

China Battles to Save Chemical Plant from Storm

Posted August 8th, 2011 at 3:40 am (UTC-5)
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Chinese official media report that workers are battling to save a chemical plant on China’s northeast coast, after waves from a severe tropical storm breached a dyke Monday morning. The Xinhua news agency says Tropical Storm Muifa is barreling toward the Fujiahua chemical plant in the city of Dalian. Residents are being evacuated, while soldiers […]

Tags: , , , Posted in East Asia Pacific

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