Thursday, August 16, 2007
Asian markets
Taking cues from the overnight fall in US markets, and continuing yesterday's downward slide, Asian indices slid again this morning as investors concerned over the health of global credit markets continued to sell stocks across the board. Hong Kong's Hang Seng tumbled 3% or 640.40 points at 20,735.32, Japan's Nikkei plunged 2.60% or 428.15 points at 16,047.46, Taiwan's Taiwan Weighted slipped 3.59% or 308.75 points at 8,284.29, Singapore's Straits Times fell 3.96% or 129.66 points at 3,143.59 and South Korea's Seoul Composite declined 6.24% or 113.24 points at 1,704.48.