Slump in Japanese Equities

July 16, 2010

A 2.9% plunge in the Nikkei, its worst session in nearly six weeks, led a difficult day for Pacific Rim equities.  Weakness in stocks reflected yesterday’s poor indications of U.S. manufacturing and a disappointing earnings report from Google.  Stocks fell by 0.8% in South Korea, 0.7% in the Philippines, and 0.5% in New Zealand, Australian, […] More

Spike in Risk Avoidance Hammers Stocks and Commodities, Lifts Dollar

April 19, 2010

The Japanese Nikkei slumped 1.7% and closed below 11K for the first time since March 29.  Stocks also dropped 5.4% in China, 2.1% in Hong Kong, 3.2% in Taiwan, 1.7% in South Korea 1.5% in Singapore, 1.9% in the Philippines, 1.4% in Thailand and Australia, 1.3% in Indonesia, and 1.2% in India.  The Paris Cac, […] More

Commodity-Sensitive Currencies and Sterling Strengthened

March 30, 2010

The U.S. dollar lost 0.9%, 0.5%, and 0.4% against its Canadian, New Zealand and Australian counterparts.  The greenback also fell 0.7% against sterling but is otherwise steady, showing a 0.1% uptick against the yen, no change relative to the Swiss franc, and a 0.1% dip against the euro. The Nikkei advanced 1.0% and closed above […] More