Asian Stocks Drop on Recession Fears
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Indiaâs benchmark stock index dropped 4 percent in the first 10 minutes of trading and Hong Kongâs market slid 4.7 percent by midday.
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Asian stocks fall for a second day, reflecting fears that a weak U.S. economy could derail growth worldwide; futures point to sharp drop on Wall St.
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Asian stocks edged lower on Wednesday as profit taking set in after two days of gains and the dollar firmed ahead of comments from Fed chief Alan Greenspan that are expected to cement the case for further U.S. rate rises.
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Most Asian stock markets fell after oil prices hit a record high on Thursday, reigniting worries that high energy costs will dent household incomes, raise companies' expenses and hurt global economic growth.
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Asian stocks slipped on Monday after four straight weeks of gains, with expectations of a U.S. interest rate cut later this week offset by renewed concerns about a global credit squeeze.
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European and Asian shares fall on continuing fears of a US recession and slowing corporate profit growth.
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Technology stocks led Asian share  markets lower on Friday after a retreat by their U.S. peers,  with investors cautious amid record-breaking oil prices and  ahead of U.S. jobs data later in the day.
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SINGAPORE, Feb. 6 -- Stock markets across Asia plunged on fears that a U.S. recession will cut demand for exports.
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Asian stocks slumped to a two-week low on Monday, extending a weak start to 2008, while the dollar hovered near multi-week lows after weak U.S. jobs data heightened fears of recession in the region's top export market.
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Asian markets plunge after new signal of American recession prompts steep declines on Wall Street.
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Stock markets tumbled across Asia on Wednesday and the dollar hit a 2&frac12;-year low against the yen amid heightened fears that the US is falling into a recession.
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Stocks in Asia resumed their decline  on Monday, led by banks like Japan's Mizuho, while the dollar  hovered near a 3-year low against the yen after a proposed U.S.  stimulus package did little to soothe fears the world's top  economy will tip into a recession.
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Shares in Asia fell, with Japan and South Korea down around 1.5 percent, as concerns over the health of the U.S. economy came back to haunt stock markets, sending investors to seek a safe haven in bonds.
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Fears about the possibility of a recession in the US economy send Asian shares falling.
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Asian shares are hit amid the growing belief that the US - the region's key export market - is sliding into recession.
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Asian stocks took a breather on  Monday after four straight weeks of gains, with expectations of  a U.S. interest rate cut this week helping to offset renewed  worries about a global credit squeeze.
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Technology stocks led Asian share  markets lower Friday after a retreat by their U.S. peers, with  investors cautious amid record-breaking oil prices and ahead of  U.S. jobs data later in the day.