This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7102977.stm

The article has changed 11 times. There is an RSS feed of changes available.

Version 0 Version 1
Asian shares echo sharp US fall European shares brush off US woes
(about 2 hours later)
Shares have fallen sharply in East Asian trading, after heavy falls overnight in the US due to further fears fallout from the credit crisis. European shares rose in early Tuesday trading, brushing off concerns about the US economy that had seen Wall Street close sharply lower overnight.
The big declines came after Goldman Sachs downgraded the shares of Citigroup, and forecast the bank giant would report $15bn (£7.3bn) in losses. With analysts saying European stocks were being lifted by bargain hunters picking up cheap shares after Monday's falls, London's FTSE 100 was up 1%.
Hong Kong's main Hang Seng index was down 2.8% by late morning, while Sydney's ASX 200 lost 1.7%. Meanwhile, Frankfurt's Dax added 0.7% and Paris' Cac gained 0.9%.
Their falls came after the Dow Jones ended Monday on Wall Street down 1.7%. Overnight the main US index, the Dow Jones, fell 1.7% due to further fears about the ongoing credit crisis.
Japanese takeover The big decline came after Goldman Sachs downgraded the shares of Citigroup, and forecast the bank giant would report $15bn (£7.3bn) in losses.
Tokyo's Nikkei 225 index bucked the downward trend on Tuesday, ending up 1.1% after sentiment was buoyed by a takeover bid for one of the country's largest banks. Ongoing fears
Tokyo's Nikkei 225 closed up 1.1% on Tuesday after sentiment was buoyed by a takeover bid for one of the country's largest banks.
It's a Black November Trader Masayoshi OkamotoIt's a Black November Trader Masayoshi Okamoto
A group of investors led by US buyout firm JC Flowers are bidding about $1.8bn for just under a third of Shinsei Bank.A group of investors led by US buyout firm JC Flowers are bidding about $1.8bn for just under a third of Shinsei Bank.
Analysts said investors remain fearful that ever more global banks will reveal their exposure to bad US mortgage debt and the resulting credit crisis. Analysts said US investors remain fearful that ever more global banks will reveal their exposure to bad American mortgage debt and the resulting credit crisis.
"The concern is that if there are unknown losses still to be recorded, the risk aversion that has been present in markets will remain," said Tony Brennan, equity strategist at Deutsche Bank."The concern is that if there are unknown losses still to be recorded, the risk aversion that has been present in markets will remain," said Tony Brennan, equity strategist at Deutsche Bank.
"It's a Black November," said Masayoshi Okamoto, head of dealing at Japan's Jujiya Securities."It's a Black November," said Masayoshi Okamoto, head of dealing at Japan's Jujiya Securities.