Asian markets news stories on Newser

World Markets Tumble on French-Greek Elections

Rob Quinn — Mon, 07 May 2012 05:30:00 CDT

Markets worldwide have been seriously rattled by the rejection of pro-austerity governments by voters in France and Greece . Asian markets plunged, the euro dropped to a 3-month low against the dollar in early trading, and oil slipped to $97 a barrel. European shares also tumbled and yields rose on the...

Stocks Sputter, Gold Soars

Mark Russell — Mon, 22 Aug 2011 02:44:30 CDT

Asia stock markets were mostly down today, European markets look set to follow, and gold hit new highs as world markets continued to be rocked by investor nerves, reports Reuters . The Nikkei hit a five-month low, finishing 1.04% down, Korea's Kospi was off 1.96%, and Australia's All Ordinaries...

Global Markets Follow Wall Street Down

Rob Quinn — Fri, 05 Aug 2011 04:33:08 CDT

Stock markets around the world are tumbling in the wake of yesterday's Wall Street meltdown . Market indexes across Asia saw major dives, and European markets are down in early trading, AP reports. The sell-off is "just a knee-jerk reaction to what's going on," said an analyst in Australia , which saw...

Buffett: Japan Presents 'Buying Opportunity'

Matt Cantor — Mon, 21 Mar 2011 12:30:16 CDT

There’s no need to panic about Japanese markets post-earthquake, says Warren Buffett: Such cataclysmic events often create a “buying opportunity,” he tells Reuters from South Korea. “It will take some time to rebuild,” but the market plunge “will not change the economic future of Japan.” Put it this way: “If...

Asia Stocks Plunge

Jane Yager — Fri, 21 May 2010 03:42:00 CDT

Following a dismal day on Wall Street, Asian markets fell sharply today on news of an unexpectedly high US unemployment rate and worries about the growing debt crisis in Europe. The MCSI Asia Pacific Index was down 1.6 percent at 111.79, a 9-month low. Japan's Nikkei 225 stock...

Asian Markets Reeling

Rob Quinn — Fri, 07 May 2010 02:02:10 CDT

Asian markets plunged across the board this morning as worries about the Greek debt crisis and yesterday's stunning Wall Street plunge sparked a huge sell-off. Traders are still baffled by yesterday's events, and market conditions are "hectic and confused," said one securities trader in Tokyo, where the Nikkei Index has...

Europe Applauds Bank Crackdown; Markets Swoon

Rob Quinn — Fri, 22 Jan 2010 05:45:19 CST

European leaders today lauded President Obama's plan to limit the size and risk-taking of the nation's banks, but stock markets worldwide were rattled. Asian markets fell sharply today and European markets opened down, following a 213 point drop in the Dow yesterday, its biggest 2-day loss since March. Europeans said...

Dollar Rises, Markets Dip

Rob Quinn — Thu, 17 Dec 2009 04:28:44 CST

The dollar climbed to a three-month high today on rosier-than-expected Fed economic predictions while markets fell on expectations that central banks will soon begin to raise interest rates. The greenback gained against 15 of 16 of its most commonly traded currencies, while major European and Asian stock indices were down...

Crisis at Dubai Flagship Roils World Markets

Will McCahill — Thu, 26 Nov 2009 20:22:11 CST

A move today by the government of Dubai to take over its flagship company, Dubai World, caused ripples of panic throughout the region, and translated into a selloff in bank stocks in Europe and Asia. The government also aims to delay payments on $60 billion in debt, a request that...