The stock markets are the heart of the corporate world. The stock markets are where companies and business reputations are made and unmade. This site is a guide for information, news and views. There is no expertise here - simply status reports and links to specialised sites where further information is available. The stock markets help me update my knowledge of corporate India. Keeping track of businesses is the main purpose of this site. This site is not a guide for investment decisions.
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.