Nasdaq proves unkind to asian tech firms

Article Abstract:

Of the ten Chinese and Hong Kong stocks that listed on the Nasdaq in 2001, two are now trading below $1, two that were trading below $1 dollar are now above, three are below $2 but have never gone below $1, and three have always traded above $2, with the IPO prices ranging from $9 to $24. The Asian stocks declined an average of 70% over the last 12 months, compared to a 35 percent drop in the Nasdaq Composite Index.

United States, China, Unclassified Business, Cover Story, Nasdaq Financial Index (Index)

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Investors sell before holiday: Japan Tlecom Surges on Vodaphone Buy

Article Abstract:

Wednesday activity of eleven stock indices in the Asia-Pacific area is presented, along with the major performers of the day and bar graphs for the last month. The Hong Kong Hang Seng exchange saw the greatest daily change of 428.20.

Asia, Securities prices, Misc Stock Exchanges, Stock exchanges

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Mahathir props up cushion

Article Abstract:

Malaysia's prime minister, Mahathir Mohamad, has introduced an economic plan that includes a three billion ringgit ($789.5 million) fiscal-stimulus package. The idea is to provide some measure of support against the weakening United States economy. The plan received a cold reception on the Malaysia stock market, with the benchmark Kuala Lumpur Stock Exchange Composite Index falling 5.80 points to 663.47.

Malaysia, Economic policy, Mahathir Mohamad, Stock price indexes, Kuala Lumpur Stock Exchange Bhd.

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