Indian shares plunge 4.38 percent in late sell-off

MUMBAI, Oct 18, 2007 (AFP) - Indian share prices plunged 4.38 percent just ahead of the market close Thursday led by foreign funds in reaction to proposed buying limits on overseas investors, dealers said.

They said the sell-off in the final 30 minutes of trade was in response to speculation funds would shy away from India in response to a proposed watchdog rule that limits the use of trading by anonymous overseas buyers.

The Sensex index fell 819.74 points to 17,896.08.

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Japanese shares trims losses in afternoon

TOKYO, Aug 29, 2007 (AFP) - Japanese share prices trimmed some of their heavy losses in late trade Wednesday although they remained well down due to worries over the US economy, dealers said.

In line with many other Asian markets, Japanese share prices picked up slightly as market players bought on dips after initial sharp falls.

The Tokyo Stock Exchange was down 349.40 points or 2.15 percent in the middle of afternoon trade at 15,938.09, still below the key psychological 16,000-point level.

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Indian shares slide three percent on concerns of early polls

MUMBAI, Aug 21, 2007 (AFP) - Indian share prices plunged three percent in afternoon trade Tuesday on fears of early polls linked to a row between government allies over a controversial nuclear deal with the US, dealers said.

They said benchmark and mid-cap stocks fell sharply as investors chose to unwind positions.

The benchmark 30-share Sensex index slid 434.5 points or 3.01 percent to 13,993.05 in late afternoon trade.

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Japanese shares soar in afternoon

TOKYO, Aug 20, 2007 (AFP) - Japanese share prices kept soaring in afternoon trade Monday, rising more than four percent after the US central bank cut a key interest rate to ease a credit squeeze, dealers said.

The Tokyo Stock Exchange had on Friday plummeted over five percent, suffering its biggest one-day drop in more than seven years due to global concern about the US housing market.

The Tokyo bourse's benchmark Nikkei-225 index was en route to recover the losses Monday, rising 656.23 points or 4.30 percent at 15,929.91 by early afternoon.

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Hong Kong shares slump 6.0 percent in afternoon

HONG KONG, Aug 17, 2007 (AFP) - Hong Kong share prices were down 6.0 percent in afternoon trade on Friday as fears of a credit crunch and a string of market falls punished investor sentiment, dealers said.

They said there was panic-selling as investors remain wary of the prospects of sustained volatility on world markets amid continued fears of a credit squeeze in the aftermath of US subprime mortgage sector problems.

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Japanese shares drop sharply in afternoon

TOKYO, Aug 17, 2007 (AFP) - Japanese share prices plunged in afternoon trade Friday, with the benchmark tumbling 4.13 percent as worries over the US housing sector continued to roil global markets, dealers said.

The Japanese market has been particularly hit by concerns over a rising yen, which hurts exporters. The Japanese currency has shot higher as dealers unwind risky carry trade bets that play on differences in global interest rates.

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