Saturday, October 11, 2008

Asian Markets Continue Slide On The Back Of Weak Cues - Oct 11, 2008

Asian markets continue to slide on the back of weak cues from the US markets and liquidity crunch as fears of a deeper US recession worries investors worldwide.

The Hang Seng has tanked 1,304 points (8.2%) at 14,640. The Nikkei has crashed 974 points (10.6%) at 8,183.

The Taiwan Weighted index has slipped 76 points (1.5%) to 5,131. The Straits Times index has tumbled 150 points (7.1%) to 1,953, and the Seoul Composite index has cracked 98 points (7.6%) at 1,197.

The Shanghai Composite index has shed 89 points (4.3%) at 1,986.

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