Thursday, Oct 23, 2008
"Sentiment is lousy," said Dariusz Kowalczyk, chief investment strategist at CFC Seymour in Hong K
Assoc. Press via Yahoo: Asia stocks fall on profit fears; SKorea off 7 pct
HONG KONG – Asian stocks fell for a second day Thursday, with South Korea's market sinking more than 7 percent, as a barrage of downbeat company forecasts deepened fears of a global recession.
But in a positive sign, most major indices pared losses in afternoon trading as some investors bought beaten down shares.
Japan's Nikkei 225 stock average tumbled 7 percent at the open but recovered some to closed down 2.5 percent at 8,460.98. Hong Kong's Hang Seng Index was down 4.7 percent at 13,603 after falling more than 6 percent earlier.
Posted by malct @ 09:24 AM (262 views) Add Comment
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