wwwPosted Jan 22nd 2008 4:15AM by Douglas McIntyre
Filed under: Toyota Motor Corp. (TM), Sony Corp ADR (SNE), PetroChina Co Ltd ADR (PTR), China Life Insurance ADS (LFC)
Asia markets fell sharply.
The Nikkei was off 5.7% to 12,573. Docomo (NYSE: DCM) was down 8.5% to 151,000 yen. Sony (NYSE: SNE) was down 6.5% to 5,110 yen. Toyota (NYSE: TM) was down 7.2% to 4,880 yen.
The Hang Seng dropped 8.7% to 21,578. China Life (NYSE: LFC) was off 16% to HK$27.60. China Netcom (NYSE: CN) was off 15% to HK$19.96. PetroChina (NYSE: PTR) was off 15% to HK$9.62.
The Shanghai Composite was off 7.2% to 4,560.
Data from Reuters.
| # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Joseph Lazzaro | 107 | 0 |
| 2 | Tom Johansmeyer | 97 | 3 |
| 3 | Connie Madon | 50 | 0 |
| 4 | Steven Mallas | 42 | 0 |
| 5 | Mark Fightmaster | 41 | 0 |
| 6 | Tom Taulli | 40 | 0 |
| 7 | Steven Halpern | 31 | 0 |
| 8 | Trey Thoelcke | 29 | 0 |
| 9 | Melly Alazraki | 25 | 0 |
| 10 | Zac Bissonnette | 23 | 0 |
| 11 | Paul Foster | 23 | 0 |
| 12 | Brian White | 22 | 0 |
| 13 | Brent Archer | 21 | 0 |
| 14 | Jon Ogg | 21 | 0 |
| 15 | Jim Cramer | 21 | 0 |
| 16 | Elizabeth Harrow | 18 | 0 |
| 17 | Eric Buscemi | 17 | 0 |
| 18 | Sheldon Liber | 13 | 0 |
| 19 | Michael Fowlkes | 8 | 0 |
| 20 | Beth Gaston Moon | 8 | 0 |
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Reader Comments (Page 1 of 1)
1-22-2008 @ 10:35AM
Ruth said...
What goes up comes down. The irresponsible thing to do is to expect taxpayers down the road to bail any of these banks or insurance companies for these subslime loans out of their bankruptcy.
These level of corruption is unbelievable in this mess and personal responsiblity (the cornerstone of conservativism) should be stressed.
They made the mess and they should sink or swim without bailouts of any kind from taxpayers. Free market you know.
Something tells me the Bush Ad will want the little people to pick up the tab and that is just wrong. The big dogs made the millions (and billions) and they can bail themselves out or go down. The little guy's going to pay enough already.