国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

WORLD> Asia-Pacific
Asian stock markets drop amid Citgroup jitters
(Agencies/Xinhua)
Updated: 2008-11-24 14:50

HONG KONG -- Most Asian stock markets retreated Monday as worries about Citigroup Inc. weighed on financial shares, but pared some losses after the US government unveiled a plan to rescue the troubled banking giant.

A foreign currency dealer walks past screens displaying the Kospi stock price index (L) and exchange rates between the U.S. dollar and the Korean won at the Korea Exchange Bank in Seoul November 24, 2008. [Agencies] 

Investors largely shrugged off Friday's rally on Wall Street, where major benchmarks surged more than 6 percent as US President-elect Barack Obama appeared ready to tap the New York Federal Reserve chief Timothy Geithner as the next treasury secretary.

Overshadowing the news were concerns about the fate of New York-based Citigroup, whose shares plunged last week. Under the plan unveiled late Sunday in the US, Washington would take a $20 billion stake in the bank and guarantee hundreds of billions of dollars in risky assets, moves aimed at shoring up a huge financial institution whose collapse would destabilize further the global financial system and US economy.

Citigroup failing "is the last thing investors want to see," said Alex Tang, head of research at Core Pacific-Yamaichi. "That would have a major impact on not only the US market, but on the global market."

Investors were also awaiting a slew of data about housing, domestic production and consumer confidence in the US that will shed more light on the health of the world's largest economy, Tang said.

In Hong Kong, the blue-chip Hang Seng Index lost 150.68 points, or 1.2 percent, to 12,508.52, by the afternoon break.

Australia's S&P/ASX 200 recovered from early losses to gain 0.3 percent. South Korea's Kospi pared losses after the Citigroup news broke, but then resumed its slide to close 3.4 percent lower at 970.14.

Trading in Japan was closed for a national holiday.

Chinese shares finished 3.67 percent lower on Monday, declining for a third straight day on profit-taking after an expected lending rate cut didn't materialize over the weekend.

The benchmark Shanghai Composite Index fell 72.33 points, or 3.67 percent, to 1,897.06. The Shenzhen Component Index dropped 245.15 points, or 3.65 percent, to 6,466.19.

Losers outnumbered gainers by 764 to 101 in Shanghai and by 638 to 92 in Shenzhen.

Financials around the region fell on jitters over Citigroup.

Top European bank HSBC was off nearly 2 percent in Hong Kong, and Commonwealth Bank of Australia sank 2.9 percent. KB Financial Group Inc., the holding company for top South Korean lender Kookmin Bank, slipped 4.2 percent.

Oil prices rose in Asian trade, with light, sweet crude for January delivery up 37 cents to $50.30 a barrel in electronic trading on the New York Mercantile Exchange by midday in Singapore.

In currencies, the dollar weakened to 95.42 yen from 95.91 yen, while the euro rose to $1.2643 from $1.2587.

佛坪县| 澎湖县| 旌德县| 临清市| 南澳县| 万年县| 方正县| 沁源县| 大厂| 西畴县| 平武县| 老河口市| 郧西县| 武义县| 育儿| 色达县| 沁阳市| 沧州市| 巫溪县| 泰顺县| 泽普县| 宝丰县| 页游| 上思县| 伊金霍洛旗| 金山区| 马尔康县| 凤台县| 安多县| 黄浦区| 那坡县| 石林| 怀远县| 易门县| 南宫市| 石首市| 千阳县| 明星| 永泰县| 开江县| 新和县|