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| Version 2 | Version 3 |
|---|---|
| US vote fails to lift Asia shares | US vote fails to lift Asia shares |
| (10 minutes later) | |
| Stock markets in Asia have fallen, despite the approval of a revised financial rescue plan by the US Senate. | Stock markets in Asia have fallen, despite the approval of a revised financial rescue plan by the US Senate. |
| Japan's main Nikkei index ended Thursday trading down 1.9%, while Hong Kong's Hang Seng had lost 1.4%. | Japan's main Nikkei index ended Thursday trading down 1.9%, while Hong Kong's Hang Seng had lost 1.4%. |
| Analysts said concern persisted about the rescue deal's fate in Congress, amid deep fears for the US economy. | Analysts said concern persisted about the rescue deal's fate in Congress, amid deep fears for the US economy. |
| The revised $700bn (£380bn) package must still be approved by the House of Representatives, which rejected an earlier version on Monday. | The revised $700bn (£380bn) package must still be approved by the House of Representatives, which rejected an earlier version on Monday. |
| Worries persist | Worries persist |
| Australian shares also declined after the Senate vote - losing 0.9% on Thursday. | Australian shares also declined after the Senate vote - losing 0.9% on Thursday. |
| There's still a lot of distrust of this bill in the House, so it's hard to know what will happen there Katsuhiko Kodama, Toyo Securities | There's still a lot of distrust of this bill in the House, so it's hard to know what will happen there Katsuhiko Kodama, Toyo Securities |
| Analysts there said they expected global investor scepticism to continue until the House of Representatives also backs the rescue plan, and it is seen to work. | Analysts there said they expected global investor scepticism to continue until the House of Representatives also backs the rescue plan, and it is seen to work. |
| The House is expected to vote on the new version of the deal on Friday. | The House is expected to vote on the new version of the deal on Friday. |
| "There's still a lot of distrust of this bill in the House, so it's hard to know what will happen there," said analyst Katsuhiko Kodama, senior strategist at Toyo Securities. | "There's still a lot of distrust of this bill in the House, so it's hard to know what will happen there," said analyst Katsuhiko Kodama, senior strategist at Toyo Securities. |
| "If you look at recent indicators for the US and Japan, the economy is clearly bad. | "If you look at recent indicators for the US and Japan, the economy is clearly bad. |
| "You can't expect a rebound just on the bill passing the Senate." | "You can't expect a rebound just on the bill passing the Senate." |
| 'Different world' | |
| Fellow analyst Masamichi Adachi said global financial markets were unlikely to stabilise even if the House does pass the bill on Friday. | |
| "It's a completely different world now," he said. | |
| "All the things US authorities are doing now are simply aimed at preventing a global meltdown. | |
| "They might trigger a short rally in markets but won't offer a fundamental solution." | |
| Japanese Prime Minister Taro Aso said his government would co-operate with the Bank of Japan to maintain financial stability in Japan. | Japanese Prime Minister Taro Aso said his government would co-operate with the Bank of Japan to maintain financial stability in Japan. |
| The Bank of Japan said it had injected one trillion yen ($9.5bn) into the financial system, for the 12th straight business day. | The Bank of Japan said it had injected one trillion yen ($9.5bn) into the financial system, for the 12th straight business day. |