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Padna Amerikanskata berza denes 3%, a i vo Azija ne e sjajno...
Hong Kong, Tokyo plunge on Wall Street sell-off
By V. Phani Kumar, MarketWatch
Last update: 9:25 p.m. EST Feb. 5, 2008
HONG KONG (MarketWatch) -- Asian markets suffered heavy losses Wednesday after a heavy sell-off on Wall Street overnight on concerns the U.S. economy could be in recession.
Hong Kong stocks skidded on heavy selling ahead of the Lunar New Year holidays on declines in HSBC Holdings and China Mobile, while Japanese stocks plunged on financials such as Mitsui Sumitomo Insurance and shipping forms such as Mitsui O.S.K. Lines.
Stock markets in South Korea, China, Taiwan and Vietnam were closed Wednesday for Lunar New Year holiday. Hong Kong markets were to be open for a half-day.
The Hang Seng index tumbled 1,264 points, or 5.1%, to 23,544.55, while the Hang Seng China Enterprises Index slumped 6.7% to 13,097.43 in Hong Kong.
Andrew Clarke, sales trader at SG Securities in Hong Kong, described the steep decline as "exaggerated selling" during the shortened session.
"We are closed now for three U.S. sessions and a lot could happen during those sessions," said Clarke. "People will want to close down some positions. Why should anyone buy today or create new positions, especially with all the bad news coming up?"
In Tokyo, the Nikkei 225 average ended the morning trading session 4.1% down at 13178.16, while the broader Topix index gave up 3.7% at 1,305.03.
Australia's S&P/ASX 200 shed 2.2% to 5,664.30 and Singapore's Straits Times index sank 3.8% to 2,924.17.
Regional detail................
Hong Kong, Tokyo plunge on Wall Street sell-off
By V. Phani Kumar, MarketWatch
Last update: 9:25 p.m. EST Feb. 5, 2008
HONG KONG (MarketWatch) -- Asian markets suffered heavy losses Wednesday after a heavy sell-off on Wall Street overnight on concerns the U.S. economy could be in recession.
Hong Kong stocks skidded on heavy selling ahead of the Lunar New Year holidays on declines in HSBC Holdings and China Mobile, while Japanese stocks plunged on financials such as Mitsui Sumitomo Insurance and shipping forms such as Mitsui O.S.K. Lines.
Stock markets in South Korea, China, Taiwan and Vietnam were closed Wednesday for Lunar New Year holiday. Hong Kong markets were to be open for a half-day.
The Hang Seng index tumbled 1,264 points, or 5.1%, to 23,544.55, while the Hang Seng China Enterprises Index slumped 6.7% to 13,097.43 in Hong Kong.
Andrew Clarke, sales trader at SG Securities in Hong Kong, described the steep decline as "exaggerated selling" during the shortened session.
"We are closed now for three U.S. sessions and a lot could happen during those sessions," said Clarke. "People will want to close down some positions. Why should anyone buy today or create new positions, especially with all the bad news coming up?"
In Tokyo, the Nikkei 225 average ended the morning trading session 4.1% down at 13178.16, while the broader Topix index gave up 3.7% at 1,305.03.
Australia's S&P/ASX 200 shed 2.2% to 5,664.30 and Singapore's Straits Times index sank 3.8% to 2,924.17.
Regional detail................
