Economy
See other Economy Articles
Title: Obamanomics Report: Asian stocks down on lousy US jobs report
Source:
Big Government
URL Source: http://biggovernment.com/publius/20 ... -down-on-lousy-us-jobs-report/
Published: Sep 5, 2011
Author: Publius
Post Date: 2011-09-05 04:41:57 by Happy Quanzaa
Keywords: Obama-doma-ding-dong, Obamatuer Hour, Obamanomics in Action
Views: 2714
Comments: 8
From the Associated Press: Asian stock markets took a beating Monday after U.S. job creation ground to a halt in August, reviving fears of a recession in the world’s largest economy. Japan’s Nikkei 225 stock average was down 1.7 percent at 8,797.89 with sentiment also undermined by the persistent strength of the yen against the dollar, which hurts exporters. Australia’s S&P/ASX 200 fell 2.2 percent to 4,148.50 and South Korea’s Kospi slid 3 percent to 1,811.44. Hong Kong’s Hang Seng fell 2.2 percent to 19,768.09. Benchmarks in Singapore, Taiwan, the Philippines and mainland China were also down. Companies that particularly count on brisk economic growth to fuel their revenues were hit hard. Japan’s Hitachi Construction Machinery lost 4.2 percent. Energy Resources of Australia Ltd. tumbled 4.7 percent. The Dow Jones industrial average closed 2.2 percent lower Friday, wiping out its gain for the week, on the heels of the dismal jobs report. The Labor Department reported that no jobs were added in the U.S. in August. It was the worst employment report in 11 months and renewed fears that another recession could be on the way. Read the whole thing here.
Asian stocks down on lousy US jobs report
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 3.
#2. To: Happy Quanzaa (#0)
So close to a Fukushima article, Happy. Japanese aren't really worried about the stock market....;} Cesium 137 in every child's bloodstream. All rice contaminated in Kanto Region....
And I can remember 10 years ago, when World Trade stopped as the US markets were closed. Before we became just another third World Nation: DAX (XETRA: ^GDAXI ) Index Value: 5,290.36 Trade Time: 9:37AM EDT Change: Down 247.97 (4.48%
#4. To: All (#3)
Happy Corporation Day, Amerika! 8D
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#3. To: All (#2)
Replies to Comment # 3.
End Trace Mode for Comment # 3.
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]