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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
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India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
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Central Bank Chief Of Indonesia Detained
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Malaysia economy grows and banking liberalises
Japanese markets continue to suffer China protests
by Brian TurnerTechnology stocks were down on the Tokyo markets on Monday, mainly due to the continuing effect of last week’s bad earnings reports from IBM and Samsung and because of worries concerning the pressure to drop prices for consumer electronics.
That, and the effect of current tensions on the steel and travel industries, sent the Nikkei 225 index lower by 3.8 percent to 10,938.44, a four-month low.
The Topix index was off 3.6 percent, to close at 1,109.49. In the technology sector, Tokyo Electron was down 4.4 percent, and Taiyo Yuden also fell 4.4 percent. Toshiba was down 3.7 percent, and NEC fell 4.3 percent.
Other sectors, especially the travel sector and steelmakers, were down as well, feeling the effects of the recent tensions between Japan and China. Steel companies, with many business involvements in China, lost ground.
Nisshin Steel fell 4.8 percent on Monday, and Japan Steelworks was down an even larger 9.1 percent.
Safety concerns took the travel sector lower as well. Shares in Kinki Nippon Tourist dropped 7.3 percent on Monday and Eurasia Travel fell 11.4 percent. Many Japanese citizens were canceling planned holidays in China because they fear that traveling there might be dangerous for them.
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