8/8/11 Asian/Pacific stock market watch.

Originally posted by TheRemedial
reply to post by hypr2011

 

This is the number I was most worried about... 4% I think the other Asian markets are going to play follow the leader now.

Hang Sen 40 20099.00 20946.14 20444.00 20099.00 -847.14 -4.04%

If it dips below 20,000.00 ut oh

edit on 7-8-2011 by TheRemedial because: (no reason given)

Why ut oh if below 20k? Im a novice, love a tip or two....

Seems like traders had their algorithms set to buy when the Hang Seng and CSCI got close to 25k / 2.5k respectively which is caused a slight uptick before it crossed those thresholds. How long will that last?

The Nikkei has almost dropped to 9100 after the break and is down 2%.

Looks like the Nikkei is falling slowly since it opened. Hang Seng and Shanghai are still bad, but they were worse a bit earlier. Shanghai was nearly -5% but managed to climb back up to -3.66% Sensex just opened not too long ago and they're slowly losing a bit.

From marketwatch.com

[atsimg]http://files.abovetopsecret.com/images/member/069097ef5c4e.jpg[/atsimg]

Is Shanghai on lunch break? It seems it has been at -3.66% for a bit now?


Also - Gold is above 1,700 now. +3.15%....+51 at the moment

Originally posted by amongus

Originally posted by TheRemedial
reply to post by hypr2011

 

This is the number I was most worried about... 4% I think the other Asian markets are going to play follow the leader now.

Hang Sen 40 20099.00 20946.14 20444.00 20099.00 -847.14 -4.04%

If it dips below 20,000.00 ut oh

edit on 7-8-2011 by TheRemedial because: (no reason given)

Why ut oh if below 20k? Im a novice, love a tip or two....

I plan on buying broad indexes at about 2 pm tomorrow.

ASX taking a beating with news out of Hong Kong and China,all gains made today have dropped again.

According ot breaking news on CNBC, South Korea has plunged 7 per cent and suspended trading!

www.cnbc.com...

reply to post by surrealist


So first Tel Aviv now Sth Korea! I bet the ASX is wishing for an early close!

Looks like Shanghai is back from break (they stayed at -3.66% for about 45 minutes). Back to -4%

I think Hang Seng is now on a break to. Stuck at -4.04% for awhile now to.

[atsimg]http://files.abovetopsecret.com/images/member/514845f20c89.jpg[/atsimg]

Gold up +3.32%...1,706 now

reply to post by surrealist

According ot breaking news on CNBC, South Korea has plunged 7 per cent and suspended trading!

I saw that to. It looks like they closed it for a little bit and opened it up again.

www.bloomberg.com...

South Korea’s benchmark stock index slumped the most in almost two years as speculation of overseas selling fueled investor concerns sparked by a U.S. debt downgrade. Korea Exchange Inc. halted program trading of stocks in the Kospi Index (KOSPI) and trading of Kosdaq Index shares.

Program trading on Kospi shares was stopped for five minutes from 1:23 p.m. local time after Kospi 200 Index (KOSPI2) futures fell more than 5 percent for more than a minute, Korea Exchange said. Trading of shares on the Kosdaq, which was 1,030 stocks, was temporarily halted after the index tumbled more than 10 percent for more than a minute, triggering automatic curbs.

More than 10% !!!! Wow! That must have really hurt!

ASX closed at 4056 down 113 from friday.
Well its over to you guys on the other side,see how the rest of the markets open.

Asian markets have closed down. Here's the major ones. Not really a good sight....

[atsimg]http://files.abovetopsecret.com/images/member/643158a99871.jpg[/atsimg]

Indeed it has been an interesting day, but no doom and gloom (so far) as many expected. The markets are very jittery but depending on how the US markets do today will either make things get better or worse. I went ahead and made one thread to monitor the entire situation. Please redirect your thoughts here. Thanks

www.abovetopsecret.com...

ASX all ords dropped on open to 4021.7.
Comm bank dropping interest rates,
www.abc.net.au...

Down down down, 3908.
Do i really need a 2nd,gotta put the popcorn on.

Hang Seng Index

18969.80

-1520.77

-7.42%

Yea they have dropped a bit below 20000 is it a time to worry, or wait till we hit 17500?

Chinese markets opening up twice as low as yesterday down 1300 pts.