Word: kong
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...when a financial crisis in Thailand triggered stock crashes from Jakarta to Moscow to New York. On Feb. 28, as this new outbreak of investor gloom spread, India's main stock index tumbled 4%, Singapore's dropped 3.7%, Japan's fell 2.9%, South Korea's lost 2.6%, and Hong Kong's slipped...
...what the Shanghai shock provided was a reason for investors - finally - to get real: relentlessly rising stock prices virtually everywhere had dulled their sense of risk to the point where "anything - somebody sneezing - could have triggered this," says Sean Darby, head of regional strategy at Nomura International in Hong Kong. "We've ignored risk globally for a long time...
...stock of, say, Caterpillar Inc., a heavy-equipment maker in Peoria, Illinois, because they feared the company's booming China business was suddenly going to fall off the cliff should probably rethink that a bit. As Jun Ma, the chief economist for greater China at Deutsche Bank in Hong Kong, says, "We do not see any significant impact of this market correction on China's real economy. We remain bullish on the fundamentals of the economy," which is still steaming ahead this year at a growth rate of nearly...
...HONG KONG No matter the weather, clean white sneakers like DKNY's Active Ramble Runner ($96) are the footwear of choice for a trendy crowd that prefers lounging to lunging...
...Alan Greenspan, Bernanke's august predecessor, this week painted a gloomier picture, predicting a slowdown late in 2007. Speaking via satellite link to a business conference in Hong Kong, he declared, "When you get this far away from [the last] recession, invariably forces build up for the next recession, and indeed we are beginning to see that sign." He added: "For example in the U.S., profit margins ... have begun to stabilize, which is an early sign we are in the later stages of a cycle...