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Tuesday, December 2, 2008

Asian markets plunge

Asian markets are all down deep in red following significant negative cues from the US markets.

The Hang Seng has tumbled 597 points to 13,512. The Nikkei has plunged 386 points to 8,012.

The Taiwan Weighted index has shed 170 points at 4,346. The Straits Times index has dropped 27 points to 1,663, and the Seoul Composite index has declined 23 points to 1,035.

The Shanghai Composite index is down 14 points at 1,881

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 16
04:00 Business NZ PSI 2 48.5
04:31 Rightmove House Price Index (YoY) 1 1.2%
04:31 Rightmove House Price Index (MoM) 1 0.6%
12:00 Producer and Import Prices (YoY) 1 -0.5%
12:00 Producer and Import Prices (MoM) 1 0.1% 0.1%
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