Asia Takes A Pounding 5/25/2006 HIT, HMC, TM, NTT, CHL, HBC, PCW
Stocks were sharply lower throughout much of Asia. Declines in oil and commodities prices took shares down with them. According to Reuters, hedge funds may be taking money out of Japanese markets due to poor earnings.
The Nikkei was down over 1.3% to 15,694. Shares in Casio were down almost 3% to 2,015. Daiwa Securities was off almost 4% to 1,377. Hitachi was off 1.4% to 759. Honda dropped 1.4% to 7,330. Japan Airlines was off slightly to 303. Mitsubishi Corp. was down 4% to 2,310. NTT rose 1% to 564,000. Sony was off 1.3% to 5,090 Toshiba dropped 2.7% to 712. And, Toyota 2.1% to 6,010.
The Hang Seng was off half a percent to 15,750. China Mobile was up slightly at 40. HSBC was off slightly to 134. Lenovo reported poor earnings and dropped 5% to 2.4 PCCW was up half a percent to 4.9.
The KOPSI dropped 2.8% to 1,296.
The Straits Times Index dropped 2% to 2,338.
Douglas A. McIntyre
The Nikkei was down over 1.3% to 15,694. Shares in Casio were down almost 3% to 2,015. Daiwa Securities was off almost 4% to 1,377. Hitachi was off 1.4% to 759. Honda dropped 1.4% to 7,330. Japan Airlines was off slightly to 303. Mitsubishi Corp. was down 4% to 2,310. NTT rose 1% to 564,000. Sony was off 1.3% to 5,090 Toshiba dropped 2.7% to 712. And, Toyota 2.1% to 6,010.
The Hang Seng was off half a percent to 15,750. China Mobile was up slightly at 40. HSBC was off slightly to 134. Lenovo reported poor earnings and dropped 5% to 2.4 PCCW was up half a percent to 4.9.
The KOPSI dropped 2.8% to 1,296.
The Straits Times Index dropped 2% to 2,338.
Douglas A. McIntyre
posted by douglas mcintyre at 4:07 AM
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