Foreign Markets
Energy stocks led the way overseas as violence continues in Gaza. On a shortened trading session, Japan’s Nikkei 225 stock average gained 112.39 points, or 1.3%, at 8,859.56 bringing its yearly loss to 42%. Hong Kong’s Hang Seng index fell 0.7% to 14,235.50. South Korea’s Kospi gained 0.6% to 1,124.47; however the index was down 40.8% in 2008.
In Europe, Britain’s FTSE-100 gained 0.9% to 4,359.39, Germany’s DAX increased 2% to 4,799.86 and France’s CAC-40 rose 1.6% to 3,179.64.
Foreign Markets
The global marketplace tumbled as word came that progress in the Senate on the $14 auto rescue package has stalled. Japan’s Nikkei gained 140.02 points, or 1.6%, to 8,739.52.
Hong Kong and Australian markets were closed, as were those in Britain, Germany and France.
Foreign Markets
Markets fell overseas on the week economic data from the United States. In Asia, Japan’s Nikkei 225 stock average dropped 206.68 points, or 2.4%, to 8,517.10, Hong Kong’s Hang Seng Index closed down 0.3% to 14,184.14, while South Korea’s Kospi lost 1.4% 1,128.51.
In Europe, Britain’s FTSE 100 index fell 1.1% to 4,210.10, while France’s CAC-40 lost 0.73% to 3,105.71. The Royal Institution of Chartered Surveyors said house prices in Britain will fall 10% next year as banks rein in lending and buyers are deterred by the economic slowdown.
Foreign Markets
Asian stocks fell on Toyota’s profit warnings yesterday as well as a smaller than expected interest rate cut by China. South Korea’s Kospi retreated 35.3 points, or 3% to 1,144.31, Singapore’s benchmark lost 1.2%. Hong Kong’s Hang Seng Index dropped 2.8% to 14,220.79 while Shanghai’s main index plummeted 4.6% to 1,897.22. Japan was closed for a holiday.
In Europe, markets rose even as Britain’s GDP was revised downward 10 basis points for the third quarter to -0.6%. The FTSE 100 index of leading British shares was 30.72 points, or .72%, higher at 4,279.88. Germany’s DAX was 30.23 points, or 0.65%, higher at 4,669.25 and the CAC-40 in France was up 9.49 points, or 0.3%, at 3,160.85.
Foreign Markets
In Asia, Japan’s Nikkei 225 stock average climbed 54.71 points, or 0.6%, to 8,667.23 after moving in and out of negative territory in morning trading. Hong Kong’s Hang Seng Index recovered near the end of the session to add 0.2% to 15,497.81.
Stocks were mixed in Europe. Britain’s FTSE-100 was up 0.22% to 4,333.88, Germany’s DAX gained 0.84% to 4,748.05, and France’s CAC 40 was off 0.80% to 3,216.01.
