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India-Brazil-South Africa to cooperate in health sector
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Fastest Growth for Thailand Economy in Six Quarters
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Taiwan Enjoy Expanded Trade Surplus
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Nikkei Plummets After US Fears Continue
by Stewart DouglasThe leading Japanese share index, the Nikkei 225, has suffered extensive losses through trade today with markets continuing to panic in the wake of negative trading from the US.
With employment in the US economy falling unexpectedly at the end of last week, and trading on both the Dow Jones and the NASDAQ, as well as European exchanges, the Nikkei suffered heavy losses today as a direct consequence of underlying investor discomfort.
Additionally in a report released today, the Japanese economy was said to have slowed by 1.2% over the quarter to the start of August, fuelling fears of economic problems domestically, as well as further afield.
The US sub-prime sector has continued to be the root of significant problems for world economies, and it is thought to now have spread to the wider US economy with the shock fall in employment figures last week.
With the US situation having a direct impact on international finance sectors, and Japanese lenders already known to have significant exposure to the troubled sub-prime sector, bad news from the US economy looks set to be closely linked with Japanese trading for the foreseeable future.
Through trading today, the Japanese Nikkei exchange lost a substantial 2.2% of its indexed value, closing down 357 points to 15,764. The news reflects both the impact of externalities on the Japanese economy and the overall negative mood of investment in Japan over recent years.
With Japan on a moderate growth strategy after several years of economic complications, investors are yet to be inspired by the stock markets so far. Particularly with the depth of the ongoing sub-prime crisis, it looks likely that the Nikkei will continue to trade poorly in tandem with the Dow Jones, affecting investment managers and private pension schemes nationwide.
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