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Asia open on Sept 15 (and now Sept 30)

September 14th, 2008, 9:56 pm

Given all of the excitement in the US over the weekend, would be interested in feedback from folks in Asia or watching the Asian markets open from remote today.
Last edited by trackstar on September 28th, 2008, 10:00 pm, edited 1 time in total.
 
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Apprentice
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Asia open on Sept 15 (and now Sept 30)

September 15th, 2008, 12:07 am

both TKO and HKG are closed
 
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Asia open on Sept 15 (and now Sept 30)

September 15th, 2008, 12:27 am

Yes - here is a bit from Sydney:"Sept. 15 (Bloomberg) -- Australian stocks and U.S. futures tumbled after Lehman Brothers Holdings Inc. prepared to file for bankruptcy as potential buyers abandoned talks. Commonwealth Bank of Australia, the nation's largest lender, fell 3.2 percent (to A$41.61) and Macquarie Group Ltd., Australia's biggest investment bank, tumbled 7.3 percent (to A$40.80) on renewed concern more banks will fail, adding to $514 billion of credit-related losses. Barclays Plc and Bank of America Corp. abandoned talks to buy Lehman and Wall Street prepared for its possible liquidation. Australia's S&P/ASX 200 Index slumped 69.20 points, or 1.4 percent, to 4,834.60 at 10:30 a.m. in Sydney. Stock markets in Japan, Korea, Hong Kong and China are closed for holidays today. Standard & Poor's 500 Index futures expiring in December retreated 30.90, or 2.5 percent, to 1,227.60 in New York."
 
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2fingers
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Asia open on Sept 15 (and now Sept 30)

September 15th, 2008, 1:08 am

might as well say asia is close today, korea is closed as well
 
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Asia open on Sept 15 (and now Sept 30)

September 15th, 2008, 1:13 am

Very interesting and that explains why the Germans were so eager for the Lehman situation to be resolved before Monday. Europe will effectively get hit first with these coincidental holidays in the East.Here is some news on BOA and Merrill:http://www.bloomberg.com/apps/news?pid= ... er=homeBOA reaches $44B deal to buy Merrill
 
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ppauper
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Joined: November 15th, 2001, 1:29 pm

Asia open on Sept 15 (and now Sept 30)

September 15th, 2008, 12:11 pm

QuoteOriginally posted by: 2fingersmight as well say asia is close today, korea is closed as wellthere's a sign on the door saying "please come back tomorrow" ?
 
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TraderJoe
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Joined: February 1st, 2005, 11:21 pm

Asia open on Sept 15 (and now Sept 30)

September 16th, 2008, 7:05 am

QuoteAsian markets sink on Lehman, Merrill woes By TOMOKO A. HOSAKA, Associated Press Writer 15 minutes agoTOKYO - Asian stock markets tumbled Tuesday amid growing fears of a global financial crisis as investors reacted to the demise of two of Wall Street's biggest names, Lehman Brothers and Merrill Lynch. Japan's benchmark Nikkei 225 index was down 5.3 percent to 11,560.66 in mid-afternoon trading, while Hong Kong's blue-chip Hang Seng Index shed 5.7 percent. Both markets — Asia's two biggest — had been closed for holidays on Monday, when news first broke about the dramatic events on Wall Street.Across the region, markets were all deep in the red. South Korea's Kospi was down 5.4 percent, Taiwan's benchmark was off 4.7 percent and China's Shanghai index was down 3.2 percent.Japan's central bank on Tuesday injected 2.5 trillion yen ($24 billion) into money markets and issued a statement vowing to take measures to maintain stability in the country's financial markets. Cabinet ministers, along with the central bank chief, were also holding an emergency meeting."The Bank of Japan will carefully monitor recent situations surrounding the U.S. financial institutions and their influences, and will continue to strive to ensure smooth settlement of funds and maintain stability in financial markets through measures such as appropriate money market operations," central bank Gov. Masaaki Shirakawa said.The dollar also got hit, falling to 104.43 yen early Tuesday afternoon in Asia from mid-107 yen levels before the weekend.In Tokyo, the Japanese unit of Lehman Brothers Holdings Inc. requested bankruptcy protection at a Tokyo court after the 158-year-old firm filed for Chapter 11 bankruptcy in New York on Monday.The storied New York investment bank, crippled by $60 billion in soured real-estate holdings, was unable to find an investment partner to throw it a lifeline despite a flurry of last-minute negotiations over the weekend.Investors were further shaken by the equally stunning news that Merrill Lynch, one of the world's most famous brokerages, sought to avoid a similar fate with a $50 billion transaction to become part of Bank of America Corp.The crisis appeared to be far from over. American Insurance Group, the world's largest insurer, was fighting for its survival after downgrades from major credit rating firms, adding pressure to AIG as it seeks billions of dollars to strengthen its balance sheet.Seichi Miura, strategist at Mitsubishi UFJ Securities in Tokyo, said already weak investor sentiment has been badly shaken by Lehman. He predicted extremely volatile markets ahead.Asian markets.
 
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Gmike2000
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Joined: September 25th, 2003, 9:49 pm

Asia open on Sept 15 (and now Sept 30)

September 21st, 2008, 11:52 pm

the hang seng fell 1600 points only to rise 1600 points a day afteri often feel the asian markets are the least rational of them all. they all run in the same direction...it is really stupid.
 
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Gmike2000
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Joined: September 25th, 2003, 9:49 pm

Asia open on Sept 15 (and now Sept 30)

September 29th, 2008, 7:32 pm

Make this Asia open, tomorrow, Sep 30Hang Seng down close to 1000ptsNikkei down close to 500ptsDamn lemmings...
 
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Asia open on Sept 15 (and now Sept 30)

September 29th, 2008, 7:45 pm

The Republicans are playing a very dangerous game here.Unfortunate that Rosh Hashanah falls right in the middle of it.
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