Asian stocks sharply down in opening trade

TacticalPeek

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Thu May-06-10 09:17 PM
Original message

Asian stocks sharply down in opening trade

Source: AP

Asian stocks sharply down in opening trade

(AP) – 49 minutes ago

TOKYO — Asian stock markets plunged in early trade Friday following massive losses on Wall Street amid fears over the Greek debt crisis.

Japan's benchmark Nikkei 225 stock average dropped 396.48 points, or 3.7 percent, to 10,299.21.

With the Greek crisis hammering global financial markets, the Bank of Japan said Friday it will offer two trillion yen ($22 billion) in short-term loans to commercial banks to boost liquidity.

...

South Korea's Kospi dropped 2.9 percent to 1,635.25, while Australia's benchmark lost 2.1 percent Friday.

Read more: http://www.google.com/hostednews/ap/article/ALeqM5h3kgMAkbLwyfxBdjzw8Pc4KZ7DhQD9FHMO1O1

Ugly Friday coming . . .

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Imajika

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Thu May-06-10 09:31 PM
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1. Maybe we will get good jobs numbers...

Unemployment numbers coming Friday morning right?

Numbers could be pretty good, that might boost the market.

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Oregone

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Thu May-06-10 09:35 PM
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2. Itll bounce back up. Its just a fat finger. I swear

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CountAllVotes

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Thu May-06-10 09:53 PM
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3. live chart ...

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

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Ruby the Liberal

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Thu May-06-10 10:01 PM
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4. Tomorrow is going to be nuts with all of the canceled trades and unwinding.

Nikkei off 3.74% right now

List of cancelled trades: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8287642

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Frank Booth

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Fri May-07-10 12:27 AM
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5. I don't know.

The futures are positive right now. http://www.bloomberg.com/markets/stocks/futures.html

I think we'll see a couple days of small recoveries before a massive drop. Of course, I've been thinking the same thing every Thursday for about a year now.

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