Asia Markets 10/14/2008 Furious Rally
Markets in Asia were up sharply. The Nikkei rose 14.3% to 9,456. Mitsubishi UFJ was up 14%. Toyota (TM) rose 15.5%. Honda (HMC) rose 17.8%. The Hang Seng moved up 4.4% to…
Markets in Asia were up sharply. The Nikkei rose 14.3% to 9,456. Mitsubishi UFJ was up 14%. Toyota (TM) rose 15.5%. Honda (HMC) rose 17.8%. The Hang Seng moved up 4.4% to…
Yesterday JD Power said that the global car market could "collapse" and GM (GM) fell 31%. Today S&P is saying that "General Motors Corp., Ford Motor Co. and Chrysler LLC may be…
According to Reuters, the US is looking at guaranteeing billions of dollars of bank debt and temporarily insuring all bank deposits. Reuters reports that Citigroup (C) has ended talks about taking over…
According to Reuters, US markets fell to five-year lows. Reuters writes that Wells Fargo (WFC) could end up with over 75% of Wachovia;s (WB) deposits. Reuters reports that Morgan Stanley’s (MS) deal…
Markets in Asia were mixed and Europe opened higher. The Nikkei fell 3% to 10,156. Canon, a major exporter, fell. Honda (HMC) and Toyota (TM) were both down about 5%. Hong Kong…
Markets in Asia were sharply lower and Shanghai was closed. The Nikkei fell 1.9% to 10,938. According to Reuters, Toyota (TM) hit a three-year low and Nissan hit a seven-year low. Kyocera…
Updated: 31 October 2008 Not all companies and industries will be hit equally hard by the consumer credit crisis. Operations such as Procter & Gamble (PG), McDonald’s (MCD), and Wal-Mart (WMT) may…
Markets in Asia were mostly lower with Shanghai closed for the holiday. The Nikkei was down .8% to 11,273. Toyota (TM) fell on poor US sales. Honda (HMC) was down as much…
Detroit is getting its $25 billion in loan guarantees from the federal government. Ford (F), GM (GM), and Chrysler did not have access to enough capital to upgrade their plants without outside…
According to Reuters, a Senate plan to vote on the bailout package pushed US markets up. Reuters reports that the FDIC would like to increase the value of the accounts it insures.…
Asia markets fell on concerns that the US federal bailout may be too little, too late. The Nikkei was off 1.3% to 11,744. Toyota (TM) fell over 3% on concerns about a…
Up until recently there has been a horse race for who is the largest seller of cars in China. GM (GM) and VW traded places from quarter to quarter. Unfortunately for GM…
According to Reuters, talks over a US bailout of banks broke down and will begin again today. Reuters reports that Washington Mutual (WM) became the largest bank failure in US history. Many…
Markets in Asia were mixed. The Nikkei fell .9% to 12,009. Honda (HMC) fell almost 4%. Toyota (TM) fell over 2%. The Hang Seng rose a fraction to 18,972. China Life (LFC)…
Markets in Asia were sharply lower. The Nikkei fell 2.2% to 11,489. Sony (SNE) hit a five year low. Honda (HMC) dropped sharply. The Hang Seng was off over 5% to 16,742.…