TOKYO: Asian stock markets stumbled Wednesday. Japan's Nikkei index lost 0.7 percent while Korea's Kospi shed 1.9 percent and Australia's S&P/ASX 200 declined 0.7 percent.In Europe, the FTSE 100 opened 0.12 percent lower while the Paris CAC-40 edged up 0.05 percent and the Frankfurt DAX firmed 0.15 percent. Chinese share prices, however, surged 6.05 percent as bargain hunters bought up energy stocks following sharp losses the previous day. Hong Kong pumped 600 million US dollars into the forex market to defend the local currency's peg to the greenback. South Korea said its corporate bankruptcies hit a three-year high in October.Thursday, November 20, 2008
Asian stocks slip
TOKYO: Asian stock markets stumbled Wednesday. Japan's Nikkei index lost 0.7 percent while Korea's Kospi shed 1.9 percent and Australia's S&P/ASX 200 declined 0.7 percent.In Europe, the FTSE 100 opened 0.12 percent lower while the Paris CAC-40 edged up 0.05 percent and the Frankfurt DAX firmed 0.15 percent. Chinese share prices, however, surged 6.05 percent as bargain hunters bought up energy stocks following sharp losses the previous day. Hong Kong pumped 600 million US dollars into the forex market to defend the local currency's peg to the greenback. South Korea said its corporate bankruptcies hit a three-year high in October.
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