Struggles continue on Asian markets
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AP
Published: November 12, 2008
Asian stock markets faltered today with Japan’s benchmark losing 1.3 percent, as evidence mounted that a worsening global economy has taken a toll on companies.
But as trading opened in Europe, benchmarks in Germany, France and Britain were about 2 percent higher. Russia’s dollar-denominated index was down sharply.
Hong Kong’s Hang Seng Index fell 0.7 percent while Taiwan’s benchmark retreated 0.5 percent as the country’s former president was ordered held on corruption charges. Singapore, South Korea and Australia benchmarks also fell.
Bucking the regional decline, the benchmark Shanghai Composite Index added 0.8 percent as China’s $586 billion stimulus plan continued to lift sentiment.
U.S. stock futures were up slightly, suggesting Wall Street would open higher Wednesday.
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