Tracking the NIKKEI PLUNGE!!!

[randymatt]

Good evening plungers, just gettin' a new thread ready...

[MNeagle]

Where can we follow it?

[Dirty Harry]

http://finance.yahoo.com/intlindices?e=asia

[Dirty Harry]

Nikkei falls over 3 pct to 2-mth low on Greece woe
Thu May 6, 2010 8:14pm EDTStocks

TOKYO, May 7 (Reuters) - Japan's Nikkei average fell more than 3 percent to a two-month low on Friday, dragged down by exporters such as TDK Corp (6762.T) after U.S. stocks plunged as much as 9 percent as a wave of selling triggered by Europe's debt crisis gathered speed.

U.S. stock exchange officials were investigating whether erroneous trades caused a sudden slump in share prices that wiped nearly $1 trillion off U.S. equity values at the peak of the sell-off before prices clawed back some of their losses. [ID:nN06234011] [ID:nN06139251]

The benchmark Nikkei .N225 fell 3.5 percent or 370.80 points to 10,324.89, while the broader Topix shed 3.2 percent to 926.08. (Reporting by Aiko Hayashi)

[randymatt]

1st hour...(8:07PM EDT)

Nikkei 225 10,321.80 -369.40 (3.45%)

[AndreaGail]

we're down 428

http://e.nikkei.com/e/fr/marketlive.aspx

[StackerKen]

someone must have hit the wrong button again over there.

[gunny highway]

US Stock Futures are off a bit in response.
http://money.cnn.com/data/premarket/

[Trinity]

I say China steps in and revalues their currency very soon to stop this worldwide slide.

[General of Darkness]

REAL business is made up of goods and services, tangible items not ones and zeros. It's just a matter of time before the tail stops waging the dog.

[BoatingAccident]

someone must have hit the wrong button again over there.


Their guys are better trained than our guys.

I believe it's in the training manual...

Don't push button B for billions, and then go outside for a smoke break. Consult your supervisor first on what button to push, and when to push it.

[1970 Silver Art]

someone must have hit the wrong button again over there.


Yeah they must have hit a "b" (as in billions) instead of an "m" (as in millions). ;D

I am sure that someone in Europe will probably hit the "wrong button" when the European markets open tomorrow morning and then when the U.S. markets open at 9:30 AM tomorrow morning, then someone will probably hit the wrong button again. Yep traders can be careless.

[steveoc]

REAL business is made up of goods and services, tangible items not ones and zeros. It's just a matter of time before the tail stops waging the dog.




Never a truer word has been said !!

Thanks for the reality check, I totally agree.

[randymatt]

Evening plungers...

Nikkei 225 10,269.54 -192.97 -1.84%

[Ponce]

I don't care where the dollar is at....but only how much food I can buy with what I have.

Silver down 0.07 cents?........here we go.

[jedemdasseine]

I say China steps in and revalues their currency very soon to stop this worldwide slide.

I don't think it's a foregone conclusion that they'll revalue the renminbi, but it would definitely rebalance the currency markets temporarily, albeit in China's favor. Probably a surprise revaluation if the euro tumbles further. China is trying to support the euro and is actually using dollars to do so. If this plan of external monetary policy doesn't work for them, then they'll turn inwards and tinker with their own currency.

[steveoc]

Good Monday Morning America ....

Whilst you have been sleeping over there, Asian / Australian exchanges have been trading today already, and we have seen another 2-3% of the 'value' of the sharemarket wiped out already :
http://finance.yahoo.com/intlindices?e=asia

Looking forward to seeing the NYSE open. Looks like many are anticipating another day of declines. I wonder why ?

[randymatt]

Stock Outlook: Nikkei Seen Plunging On Weak Western Stocks, Strong Yen

TOKYO (NQN)--Tokyo stocks are expected to continue lower sharply Friday, on an overnight slide in stocks in the U.S. and Europe as well as on the yen's appreciation against the dollar and the euro.

[randymatt]

Just opened...

Nikkei 225 9,745.87 -284.44 -2.84%

[1970 Silver Art]

Just opened...

Nikkei 225 9,745.87 -284.44 -2.84%


That is not very surprising to me since it seems that the Nikkei follows whatever Wall Street does.

[cigarlover]

CNBC live here. Usually follows the markets around the world so right now is CNBC Asia. I think the feed is from the UK or something

http://www.justin.tv/cnbclive#r=sPYAUXw~

[YukonCornelius]

Where can we follow it?


I follow the foreign markets loosely on www.bloomberg.com in the top-right corner. Up to date charts and futures as well.

[General of Darkness]

Should be dollar and DOW positive.

http://e.nikkei.com/e/fr/marketlive.aspx

[Trinity]

CNBC live here. Usually follows the markets around the world so right now is CNBC Asia. I think the feed is from the UK or something

http://www.justin.tv/cnbclive#r=sPYAUXw~


Thanks. That is a good find.

[MNeagle]

Gold's not liking the news either tonight.

[Heavyweight]

Another one of those days for the Nikkei

NIKKEI
9784.54
-245.77
-2.45%

[randymatt]

Not looking good over yonder tonight...

Nikkei 225 9,540.85 -360.34 -3.64%

[Quantum]

someone must have hit the wrong button again over there.


Yeah, they hit the "admit the truth of the global debtsaster" button instead of the "keep spewing lies like BP" button.

[MNeagle]

Asian Markets Tumble on Fears Over Hungary

Filed at 10:41 p.m. ET

TOKYO (AP) -- Asian stock markets tumbled Monday, dragged down by weak U.S. employment figures and fresh fears that Europe's debt crisis could spread as Hungary scrambled to calm worries that the nation is close to defaulting on its debts.

Japan's benchmark Nikkei 225 stock average plunged 396.95 points, or 4 percent, to 9,504.24 with investors also cautious before Japan's new leader, Naoto Kan, forms his Cabinet on Tuesday.

South Korea's Kospi lost 2.6 percent to 1,621.67 while Australia's S&P/ASX 200 was down 3.1 percent at 4,335.90.

Hong Kong's Hang Seng dropped 2.9 percent to 19,211.67. Benchmarks in mainland China, Singapore and Taiwan also fell sharply.

Selling spread in Asia on fears that Europe's debt problems could spread after Hungarian officials said last week the nation was at risk of a Greek-style fiscal crisis.

The comments shocked investors, pushing the euro to a fresh four-year low against the dollar. Hungary is part of the European Union, but keeps its national currency -- the forint, which dropped around 5 percent last week.

Hungarian officials scrambled to calm market worries, insisting Saturday recent comments were ''exaggerated.''

''With Hungary under the spotlight due to fiscal uncertainty, investors are worried Europe's debt crisis could spread to other nations quickly, and the crisis could become unstoppable,'' said Masatoshi Sato, market analyst at Mizuho Investors Securities Co. Ltd.

Apart from Hungary's woes, Asian markets were also knocked by disappointing U.S. jobs data. The U.S. government's May jobs report showed Friday the U.S. economy created 432,000 jobs last month, far fewer than the expected 513,000. Most of the jobs were temporary hiring by the government for the U.S. census.

The result underlined that the U.S. economic recovery is not yet picking up the momentum that investors have been looking for. The Dow Jones industrial average plunged Friday 3.2 percent to 9,931.97.

In currencies, the dollar fell to 91.08 yen in Tokyo Monday from 91.80 yen in New York late Friday. The euro declined to $1.1889 from 1.1943.

Benchmark crude for July delivery was down $1.46 at $70.05 a barrel in electronic trading on the New York Mercantile Exchange.

http://www.nytimes.com/aponline/2010/06/06/business/AP-World-Markets.html?_r=1&partner=rss&emc=rss