Far East Wednesday: Reconsidering Black Tuesday

March 15th, 2011
in econ_news

Econintersect:  Except for Hong Kong (-0.4%) and Jakarta (-0.3%), the far east stock markets are shaking off the effects of Black Tuesday and rallying in early trading Wednesday, March 16.  Tokyo is the leader with a gain of 4% - but that is less than 20% of the decline total from Monday and Tuesday.

Follow up:

Mumbai (Bombay) is off to a good start, leading all eleven Asia/Pacific markets with a gain of 1%.  New Zealand and Seoul are also strong, with gains of 0.7% each, as is Taiwan, up 0.6%.  Don't celebrate too much, though, because (1) it is not even midday and (2) the gains are all far less than than half of Tuesday's losses.

Sources:  Yahoo Finance and Bombay Stock Exchange

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