Stocks sink as fallout from russian turmoil hits home

Article Abstract:

The Japanese stock exchange sank to its lowest closing level due to the Russian financial crisis. The Nikkei Stock Average fell 3.5% on Friday after the 3% level on Thursday, posting the stock value at 13915.63. The amount is the lowest closing level since March 1986. A number of Asian stocks were substantially affected by the ongoing Russian financial crisis, affecting Japanese multinational companies stocks. Investors are worried of the global impact of Russia's problems.

Economic aspects, Japan

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Consolidation seen in Tokyo: attention is fixed on the U.S. market

Article Abstract:

Analysts and stock traders are predicting a consolidation in the Tokyo stock market after the Nikkei Stock Average passed 19,000 points. Investors are still cautious and continue to read trends in the US equity markets. The Nikkei 225 index reached a record 19,514 points for 1997. Other Asian stock markets such as Hong Kong, Bangkok, Singapore, and Jakarta had mixed results, showing the influence of US share prices, currency devaluations, and political campaign tensions.

Misc Stock Exchanges, Analysis, Singapore, Hong Kong, Tokyo, Japan, Hang Seng Index (Index), Wellington, New Zealand (City), Manila, Philippines, Bangkok, Thailand (City), Nikkei Dow Jones Industrial Average (Index), Straits Times Industrial Index (Index)

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Cautious stance in Tokyo

Article Abstract:

Asian stock markets weakened across the region in the week ending Aug 13, 1999. In Japan, the Nikkei Stock Average fell 1.6% to 17,084 while in Hong Kong, the Hang Seng Index fell to 13,167. In the smaller Bangkok, Jakarta and Manila markets, stocks closed lower on currency concerns. In Singapore, meanwhile, the Strait Times Index fell to 2,069, while in Kuala Lumpur the composite Index fell to 703. Stocks were also down in Seoul, Sydney, Taipei and Wellington.

Asia, Prices and rates, Stocks, Statistics, Securities, Stock prices

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