South Korea&#39;s Kospi also tumbles after US loss
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TOKYO (CBS.MW) - Japanese stock indexes fell sharply by midday Monday as record oil prices and the dollar&#39;s fall to a six-month low against the yen sparked fears about the impact on consumer spending and corporate profits.
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GRAND FORKS, North Dakota -- And so the freefall continues for Team USA. Roughly 24 hours after losing to Belarus and missing an opportunity to clinch top spot in Group A, the United States slipped from first
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Japan&#39;s Nikkei 225 stock index fell to its lowest point in almost four weeks Monday morning, hit by the poor performance Friday by US shares.
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Asian shares fell as subprime loan problems in the United States and soft economic data provoked international fear.
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Seoul shares briefly hit a record on Monday but then headed lower as exporters fell after China raised interest rates and on worries that troubles in U.S. subprime mortgages would hurt the world's largest economy.
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South Korea took an early lead, so did the Czech Republic. Hey, even New Zealand had the US women&#39;s basketball team down for a while.
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Shares in Sohu.com, a leading US-listed Chinese internet portal, fell more than 10 per cent on Friday after China's biggest mobile phone network operator imposed a one-year suspension on its multimedia messaging services because of customers being sent spam.
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Japan's Nikkei average slipped 1.11 percent on Wednesday to its lowest finish in nearly two weeks, hurt by a tumble in U.S. stocks and a stronger yen by offering to buy a further 25 percent stake in the ailing chip maker for $1.25 billion.
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Asian share markets slumped on  Wednesday, led by South Korea's POSCO Co. Ltd. and other  steelmakers amid warnings of a drop in prices, and as investors  worried that third-quarter earnings may disappoint.
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Japanese small-caps are among the world&#39;s worst-performing stocks. The main indices took a tumble at the beginning of last year and analysts say they are not likely to return to their January 2006 records.
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Asian stocks tumbled anew on Friday  after the latest salvo of sour signals about the U.S. economy  pummeled Wall Street, sending the benchmark S&P 500 (.SPX)  sprawling 3 percent lower to a 15-month nadir.
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A South Korean securities firm partly  owned by billionaire financier George Soros has broken off  talks to buy SK Securities, knocking its smaller rival's shares  down by over 12 percent on Monday.
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Business & money: Shares in London fall sharply following a plunge in Asia overnight amid growing fears over US economy
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Facing stiff competition from China and the European Union, the United States is rapidly losing economic clout in Asia, with its export share dropping in most of 34 countries surveyed in the region, the US commerce secretary said Thursday.
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Stocks tumbled across Asia as panicky investors feared a U.S. recession could derail global economic growth, and a sharp drop in U.S. stock index futures pointed to heavy selling in New York later on Tuesday.
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Asian share prices were hammered Monday as a global stock market rally fizzled out amid renewed pessimism about the US economic outlook and a plunge in Chinese stocks, dealers said.
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U.S. stocks plunged on Tuesday, joining a global equities rout sparked by the biggest one-day drop in Chinese stocks in a decade.