Godlike Productions - Discussion Forum
Users Online Now: 1,230 (Who's On?)Visitors Today: 180,264
Pageviews Today: 527,921Threads Today: 150Posts Today: 2,873
07:07 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Asian Stocks Set for Worst Week in 16 Years

 
Omega
Offer Upgrade

User ID: 101432
United States
06/09/2006 12:17 AM
Report Abusive Post
Report Copyright Violation
Asian Stocks Set for Worst Week in 16 Years
Here we go boys. Lets see if they can pimp it into the close.

[link to quote.bloomberg.com]
SNIP

Asian Stocks Set for Worst Week in 16 Years; Takeda Slumps

June 9 (Bloomberg) -- Asian stocks fell, headed for their biggest weekly slide in 16 years. Japanese drugmakers including Takeda Pharmaceutical Co. and Daiichi Sankyo Co. slumped as investors judged the stocks to be expensive.

``Major drugmakers such as Takeda have become quite expensive after they attracted some buying in May as defensive stocks,'' said Tamisuke Yamashita, who helps oversee $61 billion at Mitsubishi UFJ Asset Management Co. in Tokyo. Investors aren't confident enough ``to keep on increasing their holdings of relatively expensive shares.''

The Morgan Stanley Capital International Asia Pacific Index, a dollar-based measure of 14 markets in the region, slid 0.1 percent to 119.09 as of 1:01 p.m. in Tokyo after earlier gaining as much as 1.4 percent. It slumped 3.6 percent yesterday, the largest slide since May 10, 2004, and has dropped 17 percent from its May 8 record.

Today's drop took this week's loss to 8.6 percent, which would be the most since the period ended Sept. 28, 1990.

Japan's Nikkei 225 Stock Average lost 0.8 percent to 14,522.15, while the Topix index slid 0.4 percent. Measures also slid in New Zealand, South Korea, Malaysia, Thailand, Hong Kong and China, while those elsewhere in the region advanced.


Last Edited by Account Deleted by User on 09/02/2011 04:16 PM
Handguns are a skill; shotguns an art; rifles a science.
_____________________________________
Democracy is two wolves and a sheep voting on whats for dinner.

Disarmament is the precursor to Genocide.

Better to take action now rather than chances later. Your choice.
Anonymous Coward
User ID: 103917
Canada
06/09/2006 01:27 AM
Report Abusive Post
Report Copyright Violation
Re: Asian Stocks Set for Worst Week in 16 Years
Un-holy crap, another red across the board day, and whythefuck is Germany down so much?

[link to money.cnn.com]
Anonymous Coward
User ID: 103917
Canada
06/09/2006 01:31 AM
Report Abusive Post
Report Copyright Violation
Re: Asian Stocks Set for Worst Week in 16 Years
I've read that every bull market has a copper top, when copper hit $4/lb was that it?
Anonymous Coward
User ID: 505
Canada
06/09/2006 01:37 AM
Report Abusive Post
Report Copyright Violation
Re: Asian Stocks Set for Worst Week in 16 Years
It was that bad eh? sounds pretty serious.





GLP