Asian stocks hit after Dow plunge: related news

Asian stocks hit after Dow plunge

Asian markets have opened heavily down in the wake of a plunge by US stocks to their lowest level for five years.

HSBC sees only 15%-20% downside for Asian equities

ET Net News Agency, 10 October 2008> HSBC research said various valuation measures suggested that if Asian equities fall another 15-20%, they will be at previous bear market rock-bottom lows. It noted that price/book has fallen to 1.7x from a high of 3.3x. Given the trend improvement in ROE over the past few years, the research house does not see PB falling to previous lows of 1.2x. It believes 1.4-1.5x is more likely. HSBC's baseline scenario is that slowing growth will pull Asian equities down for another one to two quarters. It assumes that most indexes will end the year at a lower level than now, but noting that it is wrong to get too bearish. It reminded investors that after the last two bear markets in 1997-8 and 2000-1, Asian stocks rose by 46% and 47% respectively in the first six months after the bottom.

Australia Stocks Rise, Banks Pass Less Rate Cut

Stocks in Australia gained after China announced a stimulus package of Rmb 4 trillion. Commodities prices and resource sector stocks gained. Financial stocks declined after RBA noted that only half of recent rate cuts have been passed on to customers by banks.

Asian stocks sink; Sony drops on earnings revision

Asian stocks tumbled for a third day Friday on growing alarm that a global recession will eat into corporate profits. Shares of Sony sank more than 14 percent after it slashed its earnings forecast for the fiscal year.

Singapore Hot Stocks - MobileOne in focus

SINGAPORE, Oct 20 (Reuters) - MobileOne, Singapore's third-largest mobile phone operator, may be in focus on Monday after UBS cut its price target for the stock on lower-than-expected third-quarter earnings. U.S. stocks fell on Friday on weakness in manufacturing and financial stocks after bleak data on consumer confidence and construction, but the Dow still snapped a disasterous three-week losing streak with its best weekly gain in more than five years.

Asian stocks sink; Sony drops on earnings revision

SINGAPORE – Asian stocks tumbled for a third day Friday on persistent worries that a global recession will eat into corporate profits. Shares of Sony plunged more than 12 percent after it slashed its earnings forecast for the fiscal year.

Asian stocks sink; Sony drops on earnings revision

SINGAPORE- Asian stocks tumbled for a third day Friday on growing alarm that a global recession will eat into corporate profits. Shares of Sony sank more than 14 percent after it slashed its earnings forecast for the fiscal year.

Asian stocks sink; Sony drops on earnings revision

SINGAPORE – Asian stocks tumbled for a third day Friday on persistent worries that a global recession will eat into corporate profits. Shares of Sony plunged more than 12 percent after it slashed its earnings forecast for the fiscal year.

Stocks rally on Google, energy stocks (Reuters)

NEW YORK (Reuters) - Stocks surged in volatile trade on Friday after tech bellwether Google Inc posted reassuring results and energy stocks tracked the price of oil higher.

Asia stocks drop as bank job cuts hit mood

HONG KONG: Asian stocks fell on Tuesday after Citigroup cut 52,000 jobs in a dramatic move to save itself and downbeat policymaker comments reflected worsening economic conditions that will unlikely improve until well into 2009.

Nintendo and Sony Stocks Down as Markets Plunge

A day after the Dow Jones fell in New York City by over 500 points, the Asian markets fell on Wednesday at levels not seen in over two decades. India and Indonesia fell by approximately 10 percent. Japan's Nikkei index fell by 9.4 percent to 9,203.

Asia stocks drop as bank job cuts hit mood

HONG KONG (Reuters) - Asian stocks fell on Tuesday after Citigroup cut 52,000 jobs in a dramatic move to save itself and downbeat policymaker comments reflected worsening economic conditions that will unlikely improve until well into 2009.

US STOCKS-Market rallies on Google, energy stocks

NEW YORK, Oct 17 (Reuters) - U.S. stocks surged in volatile trade on Friday after tech bellwether Google Inc (GOOG.O: Quote, Profile, Research, Stock Buzz) posted reassuring results and energy stocks tracked the price of oil higher.

BUT WILL IT LAST? US stocks rally most since 1930s on bank plan with Dow gaining 936 points

THE Dow Jones ticker in Times Square displays news about the financial markets in New York on Monday. Stocks rallied worldwide, with the Standard & Poor’s 500 Index rebounding from its worst week since 1933, and oil climbed from a 13-month low after governments in Europe, the US and Asia agreed to support banks. ANDREW HARRER/BLOOMBERG NEWS

GLOBAL MARKETS-Asia stocks drop as bank job cuts hit mood

HONG KONG, Nov 18 (Reuters) - Asian stocks fell on Tuesday after Citigroup cut 52,000 jobs in a dramatic move to save itself and downbeat policymaker comments reflected worsening economic conditions that will unlikely improve until well into 2009.

GLOBAL MARKETS-Asia stocks drop as bank job cuts hit mood

HONG KONG, Nov 18 (Reuters) - Asian stocks fell on Tuesday after Citigroup cut 52,000 jobs in a dramatic move to save itself and downbeat policymaker comments reflected worsening economic conditions that will unlikely improve until well into 2009.

GLOBAL MARKETS-Asia stocks drop as bank job cuts hit mood

HONG KONG, Nov 18 (Reuters) - Asian stocks fell on Tuesday after Citigroup cut 52,000 jobs in a dramatic move to save itself and downbeat policymaker comments reflected worsening economic conditions that will unlikely improve until well into 2009.

RPT-GLOBAL MARKETS-Asia stocks drop as bank job cuts hit mood

HONG KONG, Nov 18 (Reuters) - Asian stocks fell on Tuesday after Citigroup cut 52,000 jobs in a dramatic move to save itself and downbeat policymaker comments reflected worsening economic conditions that will unlikely improve until well into 2009.

RPT-GLOBAL MARKETS-Asia stocks drop as bank job cuts hit mood

HONG KONG, Nov 18 (Reuters) - Asian stocks fell on Tuesday after Citigroup cut 52,000 jobs in a dramatic move to save itself and downbeat policymaker comments reflected worsening economic conditions that will unlikely improve until well into 2009.

Stocks to Watch - Intel Corp, Google Inc, Apple Inc, Cisco Systems, First Solar Inc, Motorola, XTO Energy, EOG Resources

As we wait for the market to open, and expect to see a dramatic plunge, I have some stocks to watch. Earlier this month, we looked at some of the most oversold stocks in the market. The list was broken down 5 different ways and showed the top 15 stocks from each category. A few days later I followed up on that and found that the groups sorted by the most analysts had performed the best. My explanation was that investors might first focus on buying what they already follow when making snap decisions. I ended that post by saying this information might prove a valuable guide for short-term bounces from oversold conditions. With that in mind, I re-ran my original scan with new criteria. I kept my minimum market cap requirements but widened the Relative Strength Index (RSI).

Leading Stocks - Vertex Pharmaceuticals Inc, FLIR Systems Inc, Cephalon Inc, Xilinx, Check Point Software Technologies Ltd

Given everything that is going on in the market, I thought it might be interesting to see what stocks are leading this year. As a starting point, I pulled the component stocks for the NASDAQ 100 (NDX) and ran them through a query that gave me the year-to-date returns and a few key pieces of sentiment data. The list below is sorted to show some of the top performing stocks. The names that stood out to me include, Vertex Pharmaceuticals Inc (VRTX), FLIR Systems, Inc. (FLIR), Cephalon, Inc. (CEPH), Xilinx, Inc. (XLNX), and Fastenal Company (FAST). As the spreadsheet points out, these stocks all carry a rather heavy level of short interest. A high level of short interest can lead to the potential for a short squeeze.

Stocks surge after China stimulus

Asian markets have risen sharply, a day after China announced a huge investment plan to kick-start its slowing economy.

Asian stocks sink; Sony drops on earnings revision

SINGAPORE - Asian stocks tumbled for a third day Friday on persistent worries that a global recession will eat into corporate profits and the U.S. dollar sank to a 13-year low against the Japanese currency, falling below 95 yen.

Asian stocks sink; Sony drops on earnings revision

SINGAPORE: Asian stocks tumbled for a third day Friday on persistent worries that a global recession will eat into corporate profits and the U.S. dollar sank to a 13-year low against the Japanese currency, falling below 95 yen.

Hong Kong shares up after 3-day slide, China data; China Mobile surges UPDATE

HONG KONG (XFN-ASIA) - Share prices were higher as China Mobile and other key blue chips led a rebound following the market's 13.5 pct drop over the previous three sessions. China Mobile was up more than 5 pct ahead of its third-quarter results, due after market close today, while other mainland stocks were also mostly higher after China's economic data. China announced today that its economy grew 9.9 pct in the nine months to September, slowing from a 10.4 pct growth pace in the first half of 2008 as third-quarter growth eased to 9.0 pct. Some analysts said the 9.9 pct growth for the January-September period was better than what they had expected. China banks were up despite a slowdown in their earnings growth, while local property developers outperformed after a recent sell-off.

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