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Subject to credit crisis, the Tokyo stock market closed on the 10th plunge is expected on the 13th week likely continue to fall.

Integrated foreign August 10, followed on the 9th U.S. and European markets dramatic decline in the Tokyo stock market closed sharply lower because of global credit crisis began to panic emotional impact of Japanese investors.

The Nikkei 225 index closed down 406.51 points to 16,764.09 points, or 2.4%, the market was active again. Tokyo stocks on the 9th the dramatic oscillation, turnover reached 3.81 billion shares, in November 2005 the highest level since. On the 9th of the index rose 141.32 points.

The Tokyo Stock Exchange, including an all stock, the index fell 49.88 points, to 1,633.93 points, or 3%.

A Tokyo Stock Exchange, 1,445 stocks fell, 235 rose, 44 stocks unchanged.

Traders were traded in speculation, a lot of selling, or from more than one large investment funds, which face difficulties, forced to settle in the Japanese market positions to meet investor redemptions.

A European brokerage houses chief dealer said, which could result in a domino effect, causing more fund selling, on the 13th week the stock market may further decline. He also said that domestic transactions are basically surprised and afraid, maintain sideways.

Since 884.6 07 shipping stocks, metal stocks and steel stocks ranked the worst performers.

The market crash caused the fuse is BNP Paribas (RR) suspended three credit market fund’s net asset value, the reason is the flow completely lost its lead impossible to accurately calculate the value of the Fund. Korean stock market closed on the 10th dropped 1,828.49 points away

Korean stock market closed on the 10th dropped 1,828.49 points away

South Korea on the 10th stock market closed lower by 4.2% to 1,828.49 points, on July 3 lowest close since, also set on May 17, 2004 has been the largest single-day decline.

Integrated foreign August 10, by the global credit crunch worries transferred to inspire investors hedge bond market, the National Bank and other financial stocks led by scrapping, on the 10th Korean stock market closed down 4.2% to 1,828.49 points, on July 3 lowest close since. also set on May 17, 2004 has been the largest single-day decline.

Samsung Electronics and other export shares fell because of fears that the United States suboptimal mortgage loans threatens to undermine South Korea’s second-largest export market for economic growth; Hyundai Heavy Industries plummeted 7%, after the company announced lower-than-expected operating profit.

Week composite index fell 2.6% in line, and since July 26 record high of 2,015.48 points touched has been down 9.3%, 720 billion dollars in market value this disappearance.

KTB Asset Management chief executive ChangIn-whan said that this is a structural crisis, at least October before the market may not be a significant rebound in Danger; Now see more banks expose on the United States suboptimal remanded loan losses related sites, such cases may be difficult to come to an end in a short period of time.

Singapore Straits Times stock index fell on the 10th to 3,359.20 points

Singapore shares Straits Times Index closed on the 10th decline 54 points to 3,359.20 points, or 1.6%, the downtrend by the trend economic growth inhibition.

Integrated foreign August 10 report, before most Asian markets to the United States secondary mortgage issues affected the expansion expressed concern that the Singapore Straits Times stock index closed lower on the 10th of 54 points, or 1.6%, to 3,359.20 points, recovering some early set at 3,318.93. The Nikkei fell 3.4% to 3,298.42 points.

Turnover was basically the same, with 22.7 million shares, on the 8th of 23.9 million shares.

171 shares rose, 736 shares fell.

Dealers said the local stock market on the 13th week volatility may continue, subject to market uncertainties, but the decline may be limited.

But another dealer said the market may from Singapore’s strong economic data buoyed the same time, the Monetary Authority of Singapore (Yam of Singapore) said it would provide liquidity to meet short-term market demand for funds.

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