Word: felling
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...very clear just how little investors [in Asia] had factored in a very steep global slowdown," says Kirby Daley, senior strategist at financial services firm Newedge Group in Hong Kong, where the Hang Seng index fell...
...fell 312 points on Friday, and every single component of the Dow Industrials lost money. But Friday was, on balance, a good day, given how far markets around the world had fallen while America slept. That's more than fortuitous. It's the global economy's gears at work...
Benjamin Graham was well prepared for the Crash of 1929. The now legendary investor had hedged his bets: he would buy preferred stock in a company and sell short common stock in the same company. When stocks crashed in October 1929, common shares fell much faster than preferreds, and Graham made a lot of money off short sales...
...currency lost over 80% of its value, long-serving dictator Suharto was driven from office and hundreds of ethnic Chinese were killed in a racist pogrom. Prices in Hong Kong slumped through five years of grinding deflation. The city's stock market dropped more than 50% while property prices fell out the window - down a staggering 70%. South Korea and Thailand suffered similar fates, with plunging currencies, collapsing companies and rising unemployment...
...Will your new films be released in mainland China? Sophie Li, Guangzhou, China I hope that Princess of Nebraska will be put on YouTube [in China] and released for free. Thousand Years was originally supposed to be financed by a Chinese company and then it fell apart because there were lines in the movie that they felt very sensitive about. You never know what they're looking for in terms of censorship...