CNN reporting. Tokyo market down 4%!

[Joanne98]

No link...

[jannyk]

1. and it's only just opened. Shanghai still to come eom

[republikkkon]

2. a 9% slide in chinese stocks...

"A 9 percent slide in Chinese stocks, which came a day after investors sent Shanghai's benchmark index to a record high close, set the tone for U.S. trading."

http://news.yahoo.com/s/ap/wall_street;_ylt=Ai4Dma.ZarJ907lIgOXGZ0as0NUE

[Squatch]

4. Do Chinese markets have the same safeguards as US ones?

Same safeguards against huge daily market corrections...

[jannyk]

5. that was yesterday - market opens there in 1 hour

everyone wants to know if it will go lower and set the stage for the US to follow it down

[Warpy]

7. I'd like to point out that the drop was in the Shanghai exchange, only

The Hong Kong and Shenzhen exchanges reported only small losses. Some shares were trading on the Shanghai exchange for eight times what they were trading for on other exchanges. The Shanghai exchange was the one the central government was trying to rein in. Speculative bubbles don't actually do much good for anyone.

That's why there hasn't been a real panic among people who know what the hell is really going on.

[MADem]

3. Japanese Stocks May Join Global Rout Following China's Slump

http://www.bloomberg.com/apps/news?pid=20601101&sid=aYDf8jGj82HU&refer=japan

[Joanne98]

6. What time does Hong Kong open?

I have to go to fucking bed pretty soon.

[jannyk]

8. Real soon. Bed? it's only 4.30 here (SF)

[Nite Owl]

9. Nikkei is showing down

3.7% on Bloomberg. It's real early but S&P futures were up a little, .20%.

[killbotfactory]

10. Another computer glitch?

[RB TexLa]

11. Should be some good bargins out there n/t

[jannyk]

12. Singapore opens 5% down - Aus & NZ off 3-4%

Taiwan closed for a holiday

[jannyk]

13. BBC: Steep dip as Asian markets open

>>Asian stock markets have opened sharply lower after the biggest drop in Chinese stocks in a decade triggered a steep slide in global markets.
Japan's TOPIX index dipped 5.04% while the country's Nikkei 225 stock index fell 693.50 points, or 3.83%.

The slips were echoed in the South Korean capital, Seoul, where the country's benchmark index fell 3.9%.

In hectic trading in New Zealand early on Wednesday, shares fell by 3% in the biggest correction on the bourse since it dropped over 5% on 11 September 2001.

The tumble was matched in Australia whose benchmark SP/ASX 200 saw its biggest fall in six years, down 3.45% or 206.9 points to 5,786.9 within 30 minutes of markets opening.

In Hong Kong, Asian stocks listed on Wall Street slid 4.28%, their biggest one-day drop in nearly three years, as shares, led by Chinese stocks, fell across the board.

Singapore's Straits Times Index opened 4.82% lower on Wednesday, down 155.89 points or 4.82 percent at 3,076.13. <<

http://news.bbc.co.uk/2/hi/business/6402915.stm

[brettdale]

14. New Zealand and Australia markets

Are both down over 3%

[brettdale]

15. although

The New Zealand market has pulled back to be only down 2%

[StClone]

16. To the front page : Recommend

Big news! A major correction or World of Chaos looming?