Share prices fell sharply on Asian stock markets on Friday because of fears that a recession in Europe and the United States could have an impact on Asia's emerging markets.
Investors placed sell orders on a wide range of shares in Friday trading to minimize risks amid fears of a global recession.
In South Korea, the key index fell by 5.7 percent. Thailand's key index dropped by 5 percent at one point. Hong Kong's fell 3 percent for a brief period during the day.
Market analysts say investors didn't move to buy back shares because the statement issued by the Group of 20 nations on Thursday stopped short of including concrete measures to stabilize the global market.
Labels:
daily new
Asian stocks sink
Saturday, September 24, 2011
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Defense companies are expected to pitch 3 plane models on Monday to compete for selection as Japan's next mainstay fighter jet. The Defe... -
Japan and South Korea have agreed to increase efforts for concrete action by North Korea toward denuclearization. The agreement came on Satu... -
Three Russian naval vessels have entered the Maritime Self-Defense Force base in Maizuru Port, Kyoto Prefecture. The ships include a missile... -
A major international convention on architecture has opened in Tokyo on the theme of "Design 2050--Beyond Disasters, through Solidarity...
-
[Editor’s note: “Cambodia’s Hidden Scars” delves into the trauma caused to the Cambodian population by the Khmer Rouge, even today. One of... -
Libya's interim government forces have made major progress in their attack on Sirte, one of the last strongholds of Muammar Gaddafi'...
0 comments:
Post a Comment