Tokyo, China end lower as caution checks investors
Posted on Tuesday, November 11 @ 10:32:12 CST by Raulken |
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By V. Phani Kumar & Chris Oliver, MarketWatch HONG KONG (MarketWatch) -- Asian markets ended broadly lower Tuesday, with hefty losses piling up in the afternoon session as investors sold Japanese exporters while National Australia Bank's...
 By PAN PYLAS The Associated Press Tuesday, November 11, 2008; 11:18 AM LONDON -- World stock markets fell sharply Tuesday as further downbeat corporate news in the U.S. reinforced concerns about the world economy. The Dow Jones index of leading U.S. shares was down 221,98 points, or 2.5 percent, at 8,648.56 as Toll Brothers Inc. and coffee chain Starbucks Corp warned of grim times ahead. The Dow's bigger than anticipated decline at the opening bell pushed Europe's indexes even lower than they already were. The FTSE 100 index of leading British shares was down 159.18 points, or 3.6 percent, at 4,244.74, while Germany's DAX was 215.64 points, or 4.3 percent, lower at 4,809.89. France's CAC-40 index was 161.47 points, or 4.6 percent, lower at 3,344.28. The latest jitters have been stoked by a run of disappointing corporate news in the U.S. Earlier, homebuilder Toll Brothers said it couldn't project a profit for 2009 and Starbucks reported earnings that missed Wall Street expectations. Their problems come in the wake of the announcement on Monday by electronics retailer Circuit City Stores Inc. that it has filed for bankruptcy protection. Investors are also speculating about the fate of automakers General Motors Corp., Chrysler and Ford Motor Co. after the automakers met with lawmakers last week in hopes of securing financial help. Shares of GM, which announced a $2.5 billion third-quarter loss on...
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