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Article: World markets fall on bleak earnings
- Article from:
- AP Online
- Article date:
- February 2, 2009
- Author:
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Most Asian markets sank Monday as investors digested a slew of awful earnings reports from the region's corporate heavyweights and inauspicious signs from Wall Street, where stock averages clocked their worst January ever. European bourses opened sharply lower.
Hong Kong's Hang Seng slid 3.1 percent to 12,861.49, Japan's Nikkei 225 stock average dropped 120.07, or 1.5 percent, to 7,873.98 and South Korea's Kospi was off 1.3 percent at 1,146.95. Australia's main index fell 1.2 percent and markets in Singapore, Thailand and India fell 2 percent or more.
Mainland China's market, reopening after the weeklong Lunar New Years holiday, rose amid a report the government is considering ...