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/7212465.stm

The article has changed 17 times. There is an RSS feed of changes available.

Version 3 Version 4
Share prices fall on Asia markets Shares fall on more economy fears
(about 3 hours later)
Share prices in the Far East have fallen more sharply amid continuing anxiety over world economic prospects and the US outlook in particular. European and Asian shares have fallen in Monday trading as concerns continue about the threat of recession in the US and its impact on the world economy.
Falls of 4% in Tokyo, more than 4.7% in Hong Kong and 4.6% in Mumbai come after losses on Wall Street on Friday. The UK's main FTSE 100 index was down 81 points or 1.3% to 5,788 in early trade, while Germany's Dax had lost 2%, and France's Cac had fallen 1.9%.
Analysts say dealers are cautious ahead of another meeting of the US central bank, the Federal Reserve. In Japan, the Nikkei 225 had earlier finished the day's trading down 4%.
It is expected to agree on a further cut in interest rates in a bid to stave off recession in the US. Analysts said dealers were cautious ahead of an expected interest rate cut from the Federal Reserve on Wednesday.
Yet despite the falls, the market mood seemed calmer after last week's ups and downs. Monday's falls come after Friday's declines on Wall Street, with the Dow Jones index losing 171 points or 1.4%.
Last week saw global equity markets brought down by growing despair over the US economy, only to be later lifted by a $150bn (£76bn) stimulus plan agreed between the US Congress and the Bush administration.
'No appetite''No appetite'
Francis Lun, general manager at Fulbright Securities in Hong Kong, said the market was "fluctuating wildly". Despite the falls, the market mood seemed calmer after last week's ups and downs.
The market appears to have hit bottom last week but it's still not in a position to keep rising, considering various events pending such as the Fed rate decision Koichi Ogawa, Daiwa SB InvestmentsThe market appears to have hit bottom last week but it's still not in a position to keep rising, considering various events pending such as the Fed rate decision Koichi Ogawa, Daiwa SB Investments
Last week saw global equity markets brought down by growing despair over the US economy, only to be later lifted by a $150bn (£76bn) stimulus plan agreed between the US Congress and the Bush administration.
Francis Lun, general manager at Fulbright Securities in Hong Kong, said the market was "fluctuating wildly".
"Investors don't have the appetite to buy stocks now," he was quoted by AFP news agency as saying."Investors don't have the appetite to buy stocks now," he was quoted by AFP news agency as saying.
Japan's main Nikkei 225 index closed Monday trading down 541 points or 4% to 13,088.
Hong Kong's Hang Seng was down 4.7% in late trading, while India's main Sensex index had lost 4.6% in afternoon exchanges.
"The market appears to have hit bottom last week but it's still not in a position to keep rising, considering various events pending such as the Fed rate decision," said Koichi Ogawa, chief portfolio manager at Daiwa SB Investments in Tokyo."The market appears to have hit bottom last week but it's still not in a position to keep rising, considering various events pending such as the Fed rate decision," said Koichi Ogawa, chief portfolio manager at Daiwa SB Investments in Tokyo.
The Fed is widely expected to cut US interest rates to 3.25% when it makes its latest scheduled decision on Wednesday. The Fed, America's central bank, is widely expected to cut US interest rates to 3.25% when it makes its next scheduled decision on Wednesday.
Last week it reduced rates to 3.5% from 4.25% in an emergency move.Last week it reduced rates to 3.5% from 4.25% in an emergency move.