WELLINGTON, Nov 2 (Reuters) - Asian stocks are set to fall on
Monday after Wall Street posted its biggest one day slide since
July on renewed worries about economic recovery.
The main U.S. share indices ended last week as much as 2.8 percent lower, with financial stocks hurt as concerns about Citigroup's balance resurfaced.
A bag of mixed U.S. data showing weaker consumer confidence, improved Midwest factory activity, but worse employment conditions offered no support to stocks. See
Wall Street's favourite measure of investor fear, the CBOE Volatility Index, soared 24 percent -- its biggest one-day percentage gain since October 2008.
British and European shares also slipped, dragged down by commodity and financial stocks.
Japanese shares are expected to fall sharply, with Nikkei futures traded in Chicago 270 points below the last closing level in Osaka.
The Japanese earnings season continues with Daihatsu Motor Co., Fuji Heavy Industries and Suzuki Motors Corp all reporting. For more see
Australian stocks are also seen opening weaker, with share index futures at 4,506, a 137.2 point discount to the underlying S&P/ASX 200 index's close on Friday.
The U.S. dollar and yen both rallied as the stock market declines boosted the currencies' safe haven allure.
Oil prices fell more than 3 percent as the U.S. data raised doubts about a recovery in demand.
HEADLINES: > Wall St tumbles on recovery jitters, financials > U.S. consumer spending falls, sentiment sours > Oil falls more than 3 pct on economic woes > US consumer spending falls, sentiment sours > China survey shows sustained industrial expansion > Fed seen on hold as outlook uncertain > China to keep loose monetary policy - cenbank > S.Korea Oct exports underscore global recovery woe > Japan may backtrack on lending regulations -Nikkei > China sees rocky export rebound, shrinking surplus > Sanyo to supply batteries for Peugeot-Nikkei
KEY INDEXES pct change
Bank of New York Asia ADR index -3.33
Dow Jones Industrial Average -2.51
Nasdaq Composite Index -2.50
MSCI Asia Pacific ex-Japan +0.86
Nikkei futures in Chicago 9,740
Nikkei futures in Osaka 10,010
ASIAN ADR ACTION:
5 most actively traded: pct change
TSMC -3.73
Siliconware -5.48
Infosys Tech -2.67
UMC -4.64
BHP Billiton -5.15
Top 5 performers: pct change
Makita Corp. 3.68
Satyam 2.92
Dr. Reddy 2.60
Novogen 1.42
Santos 0.00
Bottom 5 performers: pct change
Genetic Tech -10.14
Wipro -8.04
Tom Online -7.00
Alumina -6.92
China Eastern -6.91
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - Daihatsu Motor Co H1 results
- Fuji Heavy Industries Ltd Q2 results
- Suzuki Motors Corp H1 results
HONG KONG - CVM Minerals Ltd Q3 results.
- Jiangsu Nandasoft Technology Co Ltd
Q3 results.
- September 2009 retail sales data.
AUSTRALIA - House price indexes, September
- TD-MI inflation gauge October
TAIWAN - Chinatrust Financial Q3 investor
conference
- Fubon Financial Q3 investor conference
STH KOREA - October consumer price index
- Hyundai Motor Co and other car makers
to report Oct car sales
((Wellington newsroom tel +64 4 471-4234, fax +64 4 473-6212
wellington.newsroom@reuters.com)) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates For expanded, multimedia Reuters Top News visit: * 3000 Xtra: visit http://topnews.session.rservices.com * THOMSON ONE: visit topnews.thomsonone.com/topnews * ReutersStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The main U.S. share indices ended last week as much as 2.8 percent lower, with financial stocks hurt as concerns about Citigroup's balance resurfaced.
A bag of mixed U.S. data showing weaker consumer confidence, improved Midwest factory activity, but worse employment conditions offered no support to stocks. See
Wall Street's favourite measure of investor fear, the CBOE Volatility Index, soared 24 percent -- its biggest one-day percentage gain since October 2008.
British and European shares also slipped, dragged down by commodity and financial stocks.
Japanese shares are expected to fall sharply, with Nikkei futures traded in Chicago 270 points below the last closing level in Osaka.
The Japanese earnings season continues with Daihatsu Motor Co., Fuji Heavy Industries and Suzuki Motors Corp all reporting. For more see
Australian stocks are also seen opening weaker, with share index futures at 4,506, a 137.2 point discount to the underlying S&P/ASX 200 index's close on Friday.
The U.S. dollar and yen both rallied as the stock market declines boosted the currencies' safe haven allure.
Oil prices fell more than 3 percent as the U.S. data raised doubts about a recovery in demand.
HEADLINES: > Wall St tumbles on recovery jitters, financials > U.S. consumer spending falls, sentiment sours > Oil falls more than 3 pct on economic woes > US consumer spending falls, sentiment sours > China survey shows sustained industrial expansion > Fed seen on hold as outlook uncertain > China to keep loose monetary policy - cenbank > S.Korea Oct exports underscore global recovery woe > Japan may backtrack on lending regulations -Nikkei > China sees rocky export rebound, shrinking surplus > Sanyo to supply batteries for Peugeot-Nikkei
KEY INDEXES pct change
Bank of New York Asia ADR index -3.33
Dow Jones Industrial Average -2.51
Nasdaq Composite Index -2.50
MSCI Asia Pacific ex-Japan +0.86
Nikkei futures in Chicago 9,740
Nikkei futures in Osaka 10,010
ASIAN ADR ACTION:
5 most actively traded: pct change
TSMC -3.73
Siliconware -5.48
Infosys Tech -2.67
UMC -4.64
BHP Billiton -5.15
Top 5 performers: pct change
Makita Corp. 3.68
Satyam 2.92
Dr. Reddy 2.60
Novogen 1.42
Santos 0.00
Bottom 5 performers: pct change
Genetic Tech -10.14
Wipro -8.04
Tom Online -7.00
Alumina -6.92
China Eastern -6.91
TOP ASIA EVENTS:
For more Asian company earnings, see
JAPAN - Daihatsu Motor Co H1 results
- Fuji Heavy Industries Ltd Q2 results
- Suzuki Motors Corp H1 results
HONG KONG - CVM Minerals Ltd Q3 results.
- Jiangsu Nandasoft Technology Co Ltd
Q3 results.
- September 2009 retail sales data.
AUSTRALIA - House price indexes, September
- TD-MI inflation gauge October
TAIWAN - Chinatrust Financial Q3 investor
conference
- Fubon Financial Q3 investor conference
STH KOREA - October consumer price index
- Hyundai Motor Co and other car makers
to report Oct car sales
((Wellington newsroom tel +64 4 471-4234, fax +64 4 473-6212
wellington.newsroom@reuters.com)) For top Asian company news, double click on: U.S. company news European company news U.S. weekly outlook European weekly outlook Forex news Global Economy news Tech/Telecoms/Media Banking news Political/General news Asia Macro data ASIA STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong... Taiwan.... Australia/NZ.... India....... China..... DIARIES & DATA: IPO diary/data Asia earnings diary U.S. earnings diary European diary Hong Kong diary Wall Street Week Ahead Eurostocks Week Ahead LIVE PRICES & DATA: World Stocks Asian Stocks Dow Jones/NASDAQ / Nikkei FTSE 100 Debt Currency rates For expanded, multimedia Reuters Top News visit: * 3000 Xtra: visit http://topnews.session.rservices.com * THOMSON ONE: visit topnews.thomsonone.com/topnews * ReutersStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com Keywords: MARKETS ASIA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.