Asia Markets 2/27/2007 Shanghai Market Dives, China Petroleum Down 3.4%

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Stocks: (CAJ)(FUJ)(HIT)(HMC)(NIPNY)(NTT)(DCM)(TM)(CHL)(CHU)(CN)(PCW)(HBC)

Markets in Asia were down lead by large sell-offs in Chinese markets.

The Nikkei was off .5% to 18,120. Bridgestone was up .8% to 2525. Canon was up .3% to 6650. Fuji Film was down .8% to 5230. Hitachi was up 2% to 860. Honda was down .4% to 4640. NEC was down .8% to 648. NTT was up 3.3% to 654000. Docomo was 2.7% to 227000. Sharp was up .2% to 2295. Softbank was up 3.6% to 3160. Sony was up 2% to 6520. Toshiba was up 1.1% to 768. Toyota was up .6% to 8340. Yahoo Japan was down .5% to 46350.

The Hang Seng was off 1.8% to 20,148. Cathay Pacific was down 3.1% to 20. China Mobile was down 2.9% to 79.4. China Netcom was down .1% to 19.4. China Unicom was up .8% to 10.38. HSBC was down .3% to 137.8. PCCW was down .8% to 4.68.

The KOSPI was was down 1.1% to 1,455.

The Straits Times was down 2.3% to 3,232,

The Shangai Composite was off 8.8% to 2,772.

Douglas A. McIntyre