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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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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Asian shares fell as subprime loan problems in the United States and soft economic data provoked international fear.
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Shares of SM&amp;A (WINS.O: Quote, Profile, Research) tumbled more than 20 percent on Tuesday, a day after the consultant to defense companies warned that its third-quarter and 2004 revenue would fall short as political events in
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Shares of Kos Pharmaceuticals Inc. sank 13 percent in heavy trading Thursday after an investment bank suggested that the company&#39;s key cholesterol drug may face generic competition as soon as April.
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Asian number one Ai Sugiyama and last year&#39;s runner-up Chanda Rubin slumped to first round defeats at the Wismilak International on Wednesday.
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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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German insurance and travel stocks such as Munich Re and TUI AG fell after the world&#39;s most powerful earthquake in 40 years struck Asia.
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Stock markets took another hit on Wednesday as European equities moved lower, after indices plunged across Asia and in the US.
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The steep sell-off swept in global stock markets continued on Wednesday as Asian equities followed US markets lower, led by Tokyo, where the benchmark Nikkei 225 average tumbled nearly 3 per cent to close 501.95 lower at 16,7676.89.
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Weak manufacturing data and massive losses at Merrill Lynch send US shares tumbling sharply lower.
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A grand judging goof at the Athens Olympics cheapened American gymnast Paul Hamm&#39;s historic gold and gave South Korea another good reason to cry robbery at the games.
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European shares fall heavily, mirroring East Asian declines, as fears over the US economy continue.
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Jelena Dokic&#39;s miserable form continued as she lost 6-3 6-0 to Thailand&#39;s Tamarine Tanasugarn in the first round of the China Open in Beijing.
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CHICAGO - Shares of steel companies tumbled Thursday, after a published report detailed the threat of a global steel oversupply due to China&#39;s new position as a net exporter.
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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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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