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Asia-Pacific News Australia


  • Asian Stocks Plummet on Recession Fears Thursday, 16 Oct 2008 | 5:12 AM ET
    Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Asian markets were battered as the Nikkei plunged more than 11 percent and South Korea tumbled 9.4 percent, as oil prices dropped to a one-year low Thursday after downbeat U.S. economic data spread fears of a more protracted and sharp global slowdown than initially expected.

  • Asian Markets Ease on Global Recession Fears Wednesday, 15 Oct 2008 | 5:05 AM ET

    Asian markets fell and gold rose Wednesday on investor worries of lower corporate earnings in a weakening global economy, even as money markets continued to heal gradually.

  • Japan Skyrockets 14%, Leading Asian Rally Tuesday, 14 Oct 2008 | 5:09 AM ET

    Asian stocks surged, with Japan's Nikkei finishing 14% higher Tuesday after governments around the world readied plans to take stakes in banks to keep the global financial system from collapsing.

  • Asian Markets Rally on Hopes for Bank Rescues Monday, 13 Oct 2008 | 5:04 AM ET

    Asian stocks bounced from a four-year low Monday after policymakers around the world took increasingly bold steps to rescue the financial system, including guaranteeing bank deposits and taking stakes in banks.

  • Bloodbath in Asia as Markets Freefall Friday, 10 Oct 2008 | 6:06 AM ET
    Stock investors watch stock movement at a stock exchange in Chengdu, China.

    It feels like 1997 all over again in Asia. Japan down 10%, Hong Kong down 8%, Singapore down 7% and Australia down 8% as markets around the world are gripped by recession fears. 

  • Choppy Asia Session Reflects Frayed Investor Nerves Thursday, 9 Oct 2008 | 5:20 AM ET

    Investor nerves were frayed and that was reflected in Thursday's chopping trading session with markets weaving in and out of negative territory even after central banks around the world cut interest rates to support the global economy.

  • Asian Stocks Mixed After Australia Cuts Rates Tuesday, 7 Oct 2008 | 5:11 AM ET

    Asian stocks saw a turnaround in trade Tuesday after a dramatic 100 basis point rate cut by the Reserve Bank of Australia. Markets were paring back sharp losses that had seen the Nikkei crashing the 10,000 level at one point in the session. 

  • Asian Markets Get Mauled, Tokyo and Seoul Plunge 4% Monday, 6 Oct 2008 | 5:17 AM ET

    Asian markets fell 4%  Monday and the yen surged to a 2-year high against the euro as investors doubted the scattered European response to the financial crisis and the $700 billion U.S. bank bailout could prevent a global recession.

  • Asian Markets Slide, Japan Sinks Below 11,000 Friday, 3 Oct 2008 | 5:15 AM ET

    Asian markets fell sharply Friday while the yen rose to a two-year high against the euro on fears the $700 billion financial rescue bill still needing final U.S. government approval may not be enough to keep the global economy from falling into recession.

  • Asian Markets Fall Despite Senate Bailout Approval Thursday, 2 Oct 2008 | 5:17 AM ET

    Asian markets closed mostly lower Thursday and safe haven assets such as government debt gained after the U.S. Senate's approval of a massive bank bailout plan failed to dispel the deepening worries about the global economy. Japan closed 1.9 percent lower while South Korea shed 1.4 percent.

  • Asian Markets End Higher on Bailout Hopes Wednesday, 1 Oct 2008 | 5:01 AM ET

    Stocks in Japan and Australia bounced higher Wednesday and the yen steadied as investors edged away from safety plays on hopes that a salvaged Wall Street rescue plan in Washington could keep global equities rallying.

  • Asian Markets Come Off Lows, Japan Sheds 4% Tuesday, 30 Sep 2008 | 4:55 AM ET

    Asian markets pared back losses Tuesday, but were still firmly in the red, putting them on course for the biggest monthly decline in more than a decade after U.S. lawmakers rejected a $700 billion plan to end financial panic and stave off recession.  Both Japan and Australia finished over 4 percent lower.

  • Asian Markets Wobble Ahead of US Bailout Plan Vote Monday, 29 Sep 2008 | 5:10 AM ET

    Asian markets slipped into negative territory after a firm open Monday, as investors waited to see the details of the $700 billion rescue package agreed by U.S. lawmakers.

  • Asian Markets Slide as US Bailout Plan Stalls Friday, 26 Sep 2008 | 5:09 AM ET

    Asian markets fell Friday as political wrangling continued to stall approval of the U.S. government's $700 billion rescue plan for the financial sector, dashing hopes of a quick recovery.

  • Asian Stocks End Mixed, Bailout Fears Persist Thursday, 25 Sep 2008 | 5:32 AM ET

    Asian markets were mixed Thursday, pressured by doubts over the U.S. government's proposed $700 billion bailout plan and worries about the economic fallout from the crisis.

  • Asian Markets Are Jittery as US Bailout Doubts Persist Wednesday, 24 Sep 2008 | 5:51 AM ET

    Asian stock markets were jittery Wednesday, as fears that U.S. lawmakers will stall a proposed $700 billion bailout of the battered financial sector haunted investors and a firmer yen hurt Japanese exporters.

  • Asian Markets Fall on US Bailout Doubts Tuesday, 23 Sep 2008 | 5:09 AM ET

    Asian markets were mostly lower Tuesday on skepticism about how Washington's $700 billion bailout plan can restore confidence in the U.S. financial system when the economy may be facing a recession.

  • Markets Gain on Rescue Plan, Questions Remain Monday, 22 Sep 2008 | 5:26 AM ET

    Asian markets climbed Monday, after more details about the U.S. government's $700 billion crisis solution encouraged bargain hunting, but questions lingered about long-term implications and the economic outlook.

  • Asian Stocks Rally, Shanghai Surges 9% Friday, 19 Sep 2008 | 5:28 AM ET

    Asian markets staged a strong rebound on Friday after four straight sessions of massive losses. China and Hong Kong led the rally, both up more than a whopping 9 percent following Wall Street's best performance best day in six years.

  • Fear Slams Asian Stocks, but Hong Kong Rebounds Thursday, 18 Sep 2008 | 6:22 AM ET

    Asian markets took a beating Thursday, but emergency actions by central banks and governments around the world saw a late-session rebound in the Hong Kong and Singapore markets.