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Nikkei Extends Losses on Citigroup Announcement, Hong Kong Plunge

November 5th, 2007 · No Comments

Japan market summary for Monday (Nov. 5)
Nikkei 225 Stock Average: -248.56 (-1.5%) to 16,268.92
Nikkei 225 futures Osaka: -190 (1.15%) to 16,300, Singapore (SGX) -145 (-0.9%) to 16,320, Chicago (CME) *11/2 -30 (-0.2%) to 16,510
TOPIX: -25.04 (-1.6%) to 1,575.13; Advancers 270 x decliners 1,376 (unch. 76), New highs 10 x new lows 85
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Nikkei Weekly Outlook

November 5th, 2007 · 1 Comment

The dominant theme this week will of course be the U.S. subprime mess and any new details of how deep (re. financial institutions) and far (re. consumers and spending: autos, electronics, apparel, etc) its impact will be felt. Citigroup chief Charles Prince has now resigned. Merrill Lynch’s chief Stan O’neal is also gone.

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