8/8/11 Asian/Pacific stock market watch.

Figured it be best to keep watch on the Asian markets and see what they are up to, so we have an idea of what to be prepared for in the European and US stock markets.

New Zealand's market has started trading and it doesn't look too pretty it dropped 100 points before 12pm, but by no means am I a financial expert. Maybe some financial expert types can make sense of what's going on.

Here they are:

Allstocks.com

Israel = FAIL

Originally posted by iamhobo
Israel = FAIL

What are you saying?

reply to post by majesticgent


They are not doing too hot.

Your link shows that

as well as...Above Top Secret

ASX opens in 10 mins.All ords finished friday down 183.2 points and sits at 4169.7.
www.abc.net.au...

Popcorn at lunch maybe.

reply to post by iamhobo


Oh OK. I'm slow. I read that post earlier and forgot about it. They don't even show it as open on allstocks.com

Originally posted by iceblue20-12
ASX opens in 10 mins.All ords finished friday down 183.2 points and sits at 4169.7.
www.abc.net.au...

Popcorn at lunch maybe.

Yeah they all are going down right at the bell which makes sense because people probably putting sell orders over the weekend.

ASX all ords dropped to 4090 on open.

reply to post by iceblue20-12


South Korea and Japan seem to be doing OK thus far. No major sell off.

Personally i think we will see a bit of a roller coaster till sept - oct,then bang it will all come down.

Why do you think it will all come down in October?

reply to post by majesticgent


Because that is when the US debt limit will need to be raised again.

It wont drop significantly today, the markets realise there's trouble but cant gauge the extent of it until the US opens.

Today will drop, but maybe 2-3%, if the US drops tonight then tomorrow asia will jump on the rollercoaster!

Nikkei down but not insanely so.

Has the cavalry shown up with the helicopter drop?

I think it all hinges on the Hang Seng. Thirty minutes until open after Chinese media told its public and the world essentially to abandon the US. Asian markets are down 1% or so now but the Hang Seng I feel will be the real test and if they start going down sharply the rest of Asia will follow and Europe after...

www.sgxniftydowfutureslive.com...

Originally posted by TheRemedial
I think it all hinges on the Hang Seng. Thirty minutes until open after Chinese media told its public and the world abandon the US. Asian markets are down 1% or so now but the Hang Seng I feel will be the real test and if they start going down sharply the rest of Asia will follow and Europe after...

www.sgxniftydowfutureslive.com...

Interesting, I have not heard that. Do you have a source for the Chinese saying they are discarding the US dollar? That would be an interesting development. I found a few sources, but I wouldn't say that they are 100% legit.

reply to post by majesticgent


I think this is the source you are looking for. Purely specualtion on my part though.

www.cnbc.com...

We have a about 11 hours and 30 minutes before both the Toronto and New York Stock Exchanges open whatever happens in New York will affect Toronto the TSX dropped sharply on Friday but they been dropping more than rising all week.

Is Nikkei 225 broken? It doesn't refresh for me on any site. And the Nikkei site is whacky.

reply to post by AMANNAMEDQUEST


NIKKEI breaks for lunch. They will open to see this in China(or worse I assume)
Hang Sen 40 20330.00 20946.14 20444.00 20320.00 -616.14 -2.94%