Economies: Asia Pac markets respond to measures; others don't
Whether AsiaPac markets have responded to interest rate cuts, were not so overvalued as first thought, have found their floor or are just having a dead cat bounce will become clear in the next few hours. But last night's signs were encouraging in the region, whilst most European and US markets continued to head for a hard landing. The UK, however, seemed to be parachuting rather then free-falling.
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Percentage changes on 9 October 2008
Singapore: +3.4
HK: +3.31
Malaysia: -0.13
Korea: +0.64
China: -0.84
Japan: 0.5
UK: -1.21
ASX: -1.7
Germany: -2.53
NASDAQ: -5.47
NYSE: -8.52
Source: stock market closing figures.
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