http://asia.123jump.com/Asia-market-update-archive/Stock Market Update, IPO profiles, Earnings Call Transcripts, Economic news, company news, Mutual funds profile,Earnings News, Mutual Fund Managers,Industry sectors, Oil and Natural Gas stocks - 123Jumphttp://asia.123jump.com/Asia-market-update-archive/http://www.123jump.com/images/logo_home.jpg16066Stock Market Update, IPO profiles, Earnings Call Transcripts, Economic news, company news, Mutual funds profile,Earnings News, Mutual Fund Managers,Industry sectors, Oil and Natural Gas stocks - 123Jump1999-2007 123jump.com, Inc. All rights reservedWed, 16 Jul 2008 01:00:00 -0400http://asia.123jump.com/Asia-market-update/Stocks in Asia Japan Fall/28594/Tue, 15 Jul 2008 17:53:00 -0400The Bank of Japan left its key rate unchanged at 0.5%. The central bank cited rising inflation pressure and weak economy. Financial institutions in Japan estimated exposure to debt issued by Fannie and Freddie of $44 billion. Sumitomo Realty led the decliners in Nikkei 225 index with a loss of 6.5% followed by declines in Sumitomo Mitsui, Tokyu Land Corp, and Mitsubishi UFJ Financial Group.123jump.com Staffhttp://asia.123jump.com/Asia-market-update/Fear Grips Banks; World Markets Decline/28587/Tue, 15 Jul 2008 17:52:00 -0400Unhappy investors are increasingly distrustful of the U.S. government bailout plan of Fannie and Freddie that includes bond holders and excludes stock holders. Fannie and Freddie dipped to another low with a loss of more than 20% today and dragged stocks of banks and financial companies. Citigroup, SunTrust, Wachovia and Bank of America declined to their new lows not seen at least in the last ten years. General Motors cut its dividend.123jump.com Staffhttp://asia.123jump.com/Asia-market-update/Japan Awaits U.S. Move on Fannie/28563/Fri, 11 Jul 2008 18:45:00 -0400Stocks in Japan continue to decline as investors worry that the growing crisis in the U.S. financial system may dampen exports. The ongoing credit market crisis in the U.S. may require bailout of the two mortgage agencies Fannie Mae and Freddie Mac. The two mortgage lenders collectively hold $5.2 trillion in debt and the U.S. government debt totals $9.3 trillion. Exporters, banks, realtors and retailers closed lower. J Front Retailing fell 5% after it forecasted annual income rise of 19%.123jump.com Staffhttp://asia.123jump.com/Asia-market-update/Tokyo Wholesale Price at 3-Decade High/28538/Thu, 10 Jul 2008 16:02:00 -0400Japan wholesale prices rose at a faster pace in June than in May on rising fuel and energy prices. The price index rose 5.6% in the month. The index rose sharpest in nearly three decades. Tokyo stocks rose marginally after BNP Paribas SA agreed to purchase 30 billion yen convertible bonds from realtor Urban Corp. The deal lifted the real estate developers. Financial stocks rebounded after speculators returned to the sector.123jump.com Staffhttp://asia.123jump.com/Asia-market-update/Japan Machinery Orders Jump 10.8 in May/28517/Wed, 09 Jul 2008 13:11:00 -0400Financial stocks increased after the US Fed Reserve Chairman said SEC and the bank have signed a memorandum of understanding that is meant to strengthen the surveillance of investment banks. Tokyo Dome led advancers in the Nikkei 225 index shares with a rise of 5.38% followed by increases in Mitsui Fudosan of 5.04%. Aeon Co Ltd led decliners with a drop of 5.11% after operating profit in the first quarter tumbled 20% to 22.6 billion yen as clothing sales at Jusco general merchandise lost 2.7%.123jump.com Staffhttp://asia.123jump.com/Asia-market-update/Nikkei Drops 2.5 on Credit Worries/28504/Tue, 08 Jul 2008 17:29:00 -0400Japan market indexes traded in the negative territory led by financial stocks on resurgent credit worries after Lehman Brothers noted that the new accounting rule in the U.S. may force Freddie Mac and Fannie Mae to raise an additional $75 billion to meet capital requirements. Sumitomo Realty led decliners in the Nikkei 225 with a drop of 6.21% followed by losses in Mizuho Trust & Banking and Nissan Chemical Industries.123jump.com Staffhttp://asia.123jump.com/Asia-market-update/Tokyo Stocks 12th Day of Losses/28474/Fri, 04 Jul 2008 13:49:00 -0400Stocks in Tokyo trading fell for the 12th day in a row. Persistent worries related to exports to the U.S., rising inflation and weak consumer sentiment drag market averages lower for the longest streak in five decades. For the week Nikkei 225 index dropped 2.3% and in the last twelve days the index declined 8.4%. Real estate stocks led the decliners. Tokai Carbon soared 12% and GS Yuasa rose 4.9%, led the gainers in the Nikkei 225 index.123jump.com Staffhttp://asia.123jump.com/Asia-market-update/Longest Losing Streak in Japan/28468/Thu, 03 Jul 2008 21:55:00 -0400Stocks in Japan continue to slide for the eleventh session in a row. Rising crude oil prices, persistent worries related to credit markets and weakening consumption is keeping investors on the sidelines. Steelmakers fell after weak global auto demand for Japanese makers dragged stocks lower. Nikkei 225 index, as tracked by Nikkei News report the longest losing streak in the last five decades.123jump.com Staffhttp://asia.123jump.com/Asia-market-update/Rising Oil Dents Stocks Rupee/28467/Thu, 03 Jul 2008 20:32:00 -0400Rupee hovered near fifteen months low as rising crude oil price take a bite out of stocks in India. As India pass on rising international prices of oil to consumers, inflation is expected to reach further in record zone hurting corporate profits and economic growth prospects. Stocks in Mumbai trading fell as investors feared slow down in consumer spending. Automakers, banks and real estate stocks fell sharply. Rupee edged lower and is likely to drop below 43.50.123jump.com Staffhttp://asia.123jump.com/Asia-market-update/Tokyo Slumps Tenth Decline in a Row/28446/Wed, 02 Jul 2008 16:03:00 -0400Stocks in Japan are now in the longest losing streak in the last four decades. The bench market index Nikkei 225 has lost ground for the last trading days in a row. Continued worries related to the health of the U.S. and European banks and a sharp rise in crude oil prices and a fall in auto sales in the U.S., Japan and India dragged auto stocks lower. A 2.5% decline in Baltic Dry Index that tracks ocean freight rates dragged shipping companies lower. Toyota, Honda, Nissan and Suzuki fell.123jump.com Staff