The carnage continued as US market weakness spread around the world. The Japanese Nikkei tumbled 11.4% before recovering somewhat. The Nikkei fell to 8115,41, last seen since May 2003. The Topix index fell 7.2% to 840.18.
Australia’s S&P/ASX 200 fell 7.4% to 4004.90, New Zealand’s NZX 50 index gave up 3.5% to 2842.89. South Korea’s Kospi lost 8.7% to 1182.16. In Tokyo, shares of Toyota lost 5% and Canon shrank 5.3%, while property major Mitsui Fudosan plummeted 12.9%.
Asian Stocks Fall, Set for Worst Week on Record; Banks Plunge
Kyung Bok Cho
Bloomberg, Oct. 10, 2008
Japan’s Nikkei Falls Nearly 10%
WSJ, OCTOBER 9, 2008, 9:29 P.M. ET
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.