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Japanese stocks plunge april 2005 { April 18 2005 } Original Source Link: (May no longer be active)    http://news.ft.com/cms/s/ecd70f16-afb3-11d9-bb33-00000e2511c8.html http://news.ft.com/cms/s/ecd70f16-afb3-11d9-bb33-00000e2511c8.html Japanese stocks plunge to four-month low By David Turner in Tokyo Published: April 18 2005 05:00 | Last updated: April 18 2005 08:31 Japanese stocks plunged on Monday, depressed by a combination of fears over Sino-Japan tensions and concerns over the US economy. The technology heavy Nikkei 225 dropped by 3.8 per cent, it’s biggest daily fall in 11 months, to a four-month low of 10,938. The broader based Topix index of stocks fell by 3.6 per cent to 1,109. Falls were broad across a variety of sectors, including heavy industry stocks and new economy shares. Japan Steel Works fell 9.05 per cent to Y201, after Nomura Securities cut its rating from “buy” to “neutral”. Shipping stocks also performed badly, as talks to ease Chinese hostility faltered over the weekend. Steel and shipping firms have benefited from booming demand in China, Japan’s biggest trading partner, and investors are concerned over a Chinese boycott of Japanese products. Computer stocks also fared badly, as analysts continued to worry about IT demand in the wake of last week’s poor earnings from IBM, the world’s biggest computer company, and South Korea’s Samsung. Tokyo Electron, the maker of IT manufacturing equipment, fell 4.4 per cent to Y5,620. Travel businesses were also hurt as tourists cancelled tours to China, for fear of animosity from local people as the row over the Japanese government’s recent approval of a controversial history textbook continued to rage. Shares in Kinki Nippon Tourist slid 7.3 per cent to Y267. Eurasia Travel fell by 11.4 per cent to Y295,000. Taiyo Yuden, the electronic components manufacturer, fell 4.4 per cent to Y1,100 after reports of a strike at the company’s factory in China. Shares of exporters were under downward pressure following Friday’s data from the US on weaker-than-expected spending.

Asia bankers gear up china stock deals { August 28 2003 } Asian stocks slide india halted { April 2004 } Bank of japan predicts continued deflation China gdp 20 percent bigger than expected { December 13 2005 } China losing protections for poor { January 15 2006 } China raises interest rates for first time in 9 years China replaces us { June 28 2002 } China says 2005 surplus near 102 billion China toy sweat shops China widens role in latin america { November 20 2004 } Downgrade for japanese economy Economic damage seen in asia after terror Foreign direct investment in china hits records India buys 1b in asian bonds Japan 18yr low { September 2 2002 } Japan 19yr low Japan europe concerned for dollar slide Japan markets two days plunge { January 19 2006 } Japan pursuing weak yen policy { August 27 2003 } Japan vm prefers bonds local currency { August 15 2003 } Japanese stocks plunge april 2005 { April 18 2005 } Japanese yen gains against dollar Rural healthcare dies as china wealth grows { January 14 2006 } Tokyo nikkei 20 yr low { April 11 2003 } Tokyo stocks fall 5 percent Files Listed: 25

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