Asian markets slaughtered amid rebound in the US

The US market rebounded yesterday in the last hour, which many seem to see it as a support to the Dow Jones Industrial Average. The decline is lead by Korean market. The benchmark KOSPI fell more than 10%, lowest since June 2005 and was already down 7% yesterday. The Korean market fell about 40% in the past one month. Japan's Nikkei fell more than 7%. Asian investors seem to worry that the financial crisis in the west is affecting corporate earnings and expect the financial industry to face the same crisis as in the US.

Below are the indices updates in the Asian region as at 1:20pm (+8:00 GMT):


World Indices Quotes snapshot from NextVIEW Advisor

N.I.N.E.