Taipei - Taiwan's stocks ended 2.17 per cent lower Tuesday, despite a government-initiated bailout move to save a financially troubled dynamic random access memory (DRAM) maker, dealers said.
The TAIEX stock index opened lower and extended its downward trend to close at 4,491.78, down 99.48 points or 2.17 per cent from Monday's trade.
Market dealers said investors were not optimistic about the prospect of DRAM companies even after a banking consortium agreed to lend 3 billion Taiwan dollars (87 million US dollars) to help improve the financial condition of struggling DRAM maker ProMOS.
Hong Kong - Hong Kong's Hang Seng Index crashed back through the 13,000 barrier Tuesday as growing gloom over economic prospects forced prices down by almost 4 per cent.
The blue-chip index shed 510.48 points, or 3.79 per cent, to end the day at 12,945.4, the first time it has slipped below 13,000 since early February. Turnover was 41.7 billion Hong Kong dollars (5.3 billion US dollars).
Indian stock market continued to remain weak as traders booked positions after non-eventful budget failed to boost investors’ reaction.
Moreover, depressing Asian markets also have contributed to the sharp fall this afternoon.
At 13:48 hrs, the Sensex lost 2.87% or 267.25 points at 9038.20, slightly off a low of 9022.67 it had touched a little while ago. Meanwhile, Nifty lost 81.65 points at 2766.85.
Tokyo - Japan's benchmark Nikkei 225 Stock Average fell to a four-month low Tuesday after Finance Minister Shoichi Nakagawa said he would step down following accusations he was drunk at a Group of Seven press conference.
The Nikkei closed at 7,645.51, down 104.66 points, or 1.35 per cent, and the broader Topix index of all first section issues was also down 13.57 points, or 1.76 per cent, at 756.53.
Indian stock market, which opened weak following negative global sentiment, continued its downward movement on account of heavy selling action in stocks cutting across sectors.
After closing negatively after a fall of 329.29 points (3.42%) on Monday (Feb 16), the 30-share index, BSE Sensex, today (Feb 17), opened at 9,213.40, down 92.05 points. US markets remained closed for Presidents Day holiday on Monday, February 16.
In today’s session, markets remained weak following yesterday’s non-eventful budget that failed to boost investors’ reaction.
Taipei - Taiwan's stocks ended 2.17 per cent lower Tuesday, despite a government-initiated bailout move to save a financially troubled dynamic random access memory (DRAM) maker, dealers said.
Hong Kong - Hong Kong's Hang Seng Index crashed back through the 13,000 barrier Tuesday as growing gloom over economic prospects forced prices down by almost 4 per cent.
Indian stock market continued to remain weak as traders booked positions after non-eventful budget failed to boost investors’ reaction.
Tokyo - Japan's benchmark Nikkei 225 Stock Average fell to a four-month low Tuesday after Finance Minister Shoichi Nakagawa said he would step down following accusations he was drunk at a Group of Seven press conference.
Indian stock market, which opened weak following negative global sentiment, continued its downward movement on account of heavy selling action in stocks cutting across sectors.
