Monday, March 17, 2008

Asian markets close negative

Asian markets closed on a negative note on Monday (Mar. 17, 2008) even after the Federal Reserve cut its discount interest rate at an emergency meeting.

Japanese benchmark index Nikkei lost 454.09 points, or 3.71%, to end at 11,787.51.

Hong Kong`s index Hang Seng declined 1,152.50 points, or 5.18%, to finish at 21,084.61.

China`s Shanghai Composite went down 142.62 points, or 3.60%, to close at 3,820.05.

Taiwan`s Taiex index lost 155.93 points, or 1.91%, to settle at 8,005.46.

South Korea`s KOSPI lost 25.82 points, or 1.61%, to finish at 1,574.44.

Singapore`s Straits Times declined 46.26 points, or 1.63%, to close at 2,792.75.

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