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  1. Recession worries fuel rout in Asian markets

    Posted Nov 21st 2008, 12:00am by Nick Westra

    ... Nick Westra Negative financial data raises spectre of prolonged slowdown Selling pressure swamped Asian markets yesterday after an onslaught of negative financial data from across ... of 11,976.88. All but one of the 42 blue chips fell. The H-share index dropped 4.6 per cent to 6,190.9 points. Markets opened sharply lower, tracking Wednesday's collapse in United States equities ...

  2. Asian markets tumble amid recession worries

    Posted Oct 23rd 2008, 12:00am by Staff Reporter

    ... Wong Ka-chun and Maria Chan Asian markets suffered a fresh sell-off yesterday as weak corporate earnings renewed worries about a potential global recession. The Hang Seng Index fell 774.57 ... at 6,700.87 points. Japan's stock market fell 6.79 per cent, Singapore's slipped 5.19 per cent and South Korea's declined 5.14 per cent. 'The Hong Kong equity market was battered ...

  3. Worst yet to come for battered Asian markets

    Posted Oct 02nd 2008, 12:00am by Nick Westra

    ... sentiment. Meanwhile, debt underwriting activity slid to US$3.5 trillion in the first nine months of the year, a 36 per cent decline from last year. Asian markets have been hit especially hard ... now,' John Koh, a regional investment director at MEAG Hong Kong, said. 'A lot of people want to get out of the markets and no one wants to have lots of equities on the books.' Asian ...

  4. Asian markets tumble on rejection of rescue plan

    Posted Oct 01st 2008, 12:00am by Nick Westra

    ... Nick Westra and Wong Ka-chun HSI bucks sell-off trend following Wall Street's sharp decline Regional markets were caught in a whirlwind of volatility yesterday as investors scrambled ... and restore order to the markets. But the much-anticipated bill was voted down on Monday, pushing US markets into a historic tumble. Benchmarks around the region opened with heavy losses. Only ...

  5. Asian equity capital markets take hit as slump keeps investors away

    Posted Sep 26th 2008, 12:00am by Nick Westra

    ... Nick Westra Equity capital markets in Asia-Pacific and Japan in the third quarter generated the lowest volumes since 2001 and the fewest deals since 1998 as investors stuck to the sidelines amid the global economic slowdown. The Asian market has slumped 54.6 per cent so far this year from last year, worse than the 35.6 per cent global slowdown, according to recent data from ...

  6. Evening sale puts modern Asian art on the market

    Posted Oct 02nd 2008, 12:00am by Staff Reporter

    ... offered for sale in Hong Kong. Evelyn Lin, head of contemporary Asian art at Sotheby's, said: 'Takashi Murakami, a Japanese artist who is extremely well-received in the western market ... Sotheby's will hold an evening sale of contemporary Asian art for the first time during the autumn auctions. Curated by a global team of specialists, the sale will feature 47 artworks ...

  7. Principal shrugs off volatility in commitment to Asian markets

    Posted Sep 15th 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu United States pension and asset management company Principal Financial Group remains committed to expanding its presence in the region despite the present volatile market ... International Asia said last week. 'We have invested for long-term growth, so we are not too concerned about short-term market volatility.' Established 120 years ago in the US, the group ...

  8. European publishers see city as stepping stone to Asian market

    Posted Jul 24th 2008, 12:00am by May Chan

    ... numbers of Spanish students and a growing interest in Spanish authors. Literature and youth literature account for 31.8 per cent of the Asian sales, while educational books for young people were also popular. But Sally Mak, an agent for Belgian publisher Casterman handling licensing rights for Belgian publications at the fair, said Taiwan was still the leading market for translated ...

  9. Asians help shelter high-end art market from subprime fallout

    Posted Feb 11th 2008, 12:00am by Enoch Yiu

    ... the market.' Sotheby's last week concluded a private sale of a rare Patek Philippe watch for HK$10 million with both the buyer and seller being Asian collectors, he said. As another sign ... Mr Ching cited the record sales of jewellery after the global stock market crash in 1987 and a Van Gogh fetching a record price after the Asian financial crisis in 1998. The auction art ...

  10. Li & Fung targets European, Asian expansion as US market wanes

    Posted Mar 28th 2008, 12:00am by Kandy Wong

    ... Kandy Wong Li & Fung plans to expand in Europe, China and other Asian countries to offset higher operating costs due to inflation and a global economic slowdown. The company said net ... with lower-margin businesses. Li & Fung's operations in Europe accounted for 26 per cent of its total business, up from 18 per cent in 2006. While the United States market still dominates, ...




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