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Article: Asian Markets Overview of February 2
- Article from:
- abnnewswire.net
- Article date:
- February 2, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Asian markets are expected to drop after the plummet on Wall St. On Friday Japan's Nikkei stock average lost 3.1 per cent, sliding on economic woes and a tumble by Toshiba Corp after it was hit by news it may merge part of its chip operations, a loss forecast, and a ratings cut. The benchmark Hang Seng Index closed up 123.78 points, or 0.94 per cent, at 13,278.21. The Shanghai and Shenzhen stock exchanges open today after the week-long Chinese New Year holidays.
Asia Economy Watch
South Korean exports in January dropped more than expected by a record 32.8 percent from a year earlier, official data showed on Monday, adding to economic gloom in the face of a deepening global recession. The ...