You are here: Home - Uncategorized -

Asian stocks take a bad hammering as uncertainty takes hold in the market

Written by:

Worries over high US interest rates have caused world stock markets to fall sharply, with Asia following the downward trend set by Europe and the US in heavy overnight trading.

The Nikkei fell below the 16,000 mark for the first in eight weeks and shares fell by 2.4% during trading. Japan’s drop was mirrored in Hong Kong, South Korea, Taiwan, Australia and Singapore, which fell by up to 3%.

“The market has been badly rattled and there are many traders here who are hoping we are not seeing the start of something really bad,” said City analyst Colin Perry. “It looks as if everyone is following America’s lead.

“However, my own feeling at the moment is that this is just a periodic blip and that markets will advance cautiously as we go through the remainder of 2006.”


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Royal Mail to get £1.75bn State handout

Royal Mail has confirmed that it is to get a £1.75bn package from the Government to help make up its...