Reply #13: Asian stock market summary (mostly ugly)

[ozymandius]

JAPAN
Nikkei closed down 1.9 pct at 14,110.79, its lowest level since Nov 2005, as reports of further subprime-related losses in the US hit market sentiment.

SOUTH KOREA
The KOSPI index closed down 2.3 pct at 1,782.27, as investors turned extremely cautious ahead of earnings announcements by major US financial companies next week.

AUSTRALIA
The S&P/ASX 200 closed below 6,000 points for the first time since August, and extended losses for the fifth straight session, with investors selling bank and resource heavyweights as they ignored the positive lead from Wall Street.

The benchmark index closed down 1.6 pct at its intraday low of 5,981.6. The All Ordinaries ended 1.5 pct lower at 6,054.4.

http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-22184019.htm