Posted on 08/21/2009 12:53:39 AM PDT by FromLori
Edited on 08/21/2009 6:28:50 AM PDT by Admin Moderator. [history]
Most Asian stock markets sank Friday as mixed economic data from the world's largest economy reinforced fears that investors have overestimated the recovery's strength.
Knocked by weak exporters, Japan's Nikkei 225 stock average fell 145.21 points, or 1.4 percent, to 10,238.20. Hong Kong's Hang Seng was down 179.11, or 0.9 percent, to 20,148.56 while China's Shanghai Composite index rose for a second day -- gaining 1.7 percent to 2,960.77 -- after rattling investors worldwide when it tumbled earlier this week.
(Excerpt) Read more at finance.yahoo.com ...
Guess today will be a wash for Wall Street
“China plans to tighten capital requirements for banks, threatening to curb the record lending that’s fueled a 60 percent rally in the nation’s stock market, three people familiar with the matter said.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=aUf1qxdoGlSA
It was a very nervous day on the Australian market, with significant, but not crashing, falls. Everyone is looking for a lead from Wall St.
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