Stock Markets

Hong Kong shares fall by 5 per cent as China enthusiasm wanes

Hong Kong shares plunge 7 per cent in US election hangoverHong Kong - Hong Kong shares fell by almost 5 per cent Tuesday as enthusiasm over China's 600-billion-US-dollar economic stimulus package waned amid fresh fears over corporate results.

The blue-chip Hang Seng Index lost 703.73 points, or 4.77 per cent, to close at 14,040.9. Turnover was 54.3 billion Hong Kong dollars (7 billion US dollars).

Indian shares drop on profit-taking

New Delhi  - Indian equities dropped about 5 per cent soon after opening Tuesday, largely because investors were selling stocks to lock in profits from previous gains, given the gloomy global economic outlook and negative trading on other Asian markets, analysts said.

The 30-share Sensitive Index of the Bombay Stock Exchange traded at 10,006.1 shortly after noon (0700 GMT), 5.03 per cent below Tuesday's close.

The broader 50-share Nifty of the National Stock Exchange was down 4.92 per cent at 2993.25.

The Indian indices had gained more than 8 per cent during the past two trading days, and Tuesday's losses were registered by the same counters that had seen the largest gains - metals, banking, and oil and gas.

Shares fall 2.1 per cent in Seoul

Shares fall 2.1 per cent in SeoulSeoul  - Shares fell more than 2 p

Tokyo stocks fall on overnight Wall Street losses

Tokyo stocks fall on overnight Wall Street lossesTokyo  - Tokyo stocks ended Tuesday trading lower after the US market declined overnight on grim earnings outlooks and the yen's advance against other currencies.

The Nikkei 225 Stock Average fell 272.13 points, or 3 per cent, to close at 8,809.3.

The broader Topix index of all first-section issues also dropped 27.29 points, or 2.98 per cent, to 889.36.

Goldman Sachs Group Inc, technology giant Google Inc and automaker General Motors Corp all suffered downgraded outlooks the day before.

Sensex Opens Lower On Global Cues

Sensex Opens Lower On Global CuesIndia equities belled the day on a

Sensex down 300 points in early morning trade over global meltdown

Sensex down 300 points in early morning trade over global meltdownMumbai, Nov. 11: A bleak global economic outlook resulted in the Bombay Stock Exchange''s 30-share Sensex losing about 300 points in early morning trade on Tuesday.

In opening trade, the National Stock Exchange’s benchmark Nifty fell 35 points to 3112.

According to an Economic Times report, a safe strategy would be to get into the market again only if it closes above the 3250 mark.

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