Asian Markets Rebound
Some Asian markets rebounded Monday in early trading, recovering gradually from a worldwide plunge set off by volatility from a U.S. mortgage crisis.
The Nikkei 225, the benchmark for the Tokyo Stock Exchange, edged up 0.5 percent in morning trading to 16,844.59, as jitters subsided over the subprime mortgage problem that had set off aggressive selling Friday.
The Korea Composite Stock Price Index rose 0.02 percent by midday to 1,826.30, although it has swung in and out of positive territory. Friday the Kospi fell 4.2 percent, or 80.19 points, its third worst point drop ever.
South Korea said Monday that the impact from the U.S. subprime loan crisis on the country is limited, and vowed to deal with any credit squeeze by adding cash to the financial system if needed.
The Nikkei 225, the benchmark for the Tokyo Stock Exchange, edged up 0.5 percent in morning trading to 16,844.59, as jitters subsided over the subprime mortgage problem that had set off aggressive selling Friday.
The Korea Composite Stock Price Index rose 0.02 percent by midday to 1,826.30, although it has swung in and out of positive territory. Friday the Kospi fell 4.2 percent, or 80.19 points, its third worst point drop ever.
South Korea said Monday that the impact from the U.S. subprime loan crisis on the country is limited, and vowed to deal with any credit squeeze by adding cash to the financial system if needed.
posted by Stock Administrator @ 12:57 AM
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