EIN News: Hong Kong Insurance News

World markets plunge; Nikkei sinks nearly 10 pct

10 Oct 2008 17:27 GMT

... AMRO Morgans in Sydney. Key indices in Hong Kong, India and Singapore were all down about ... unnerved by news that a mid-sized Japanese insurer, Yamato Life Insurance Co., went bankrupt Friday ...

Stocks Plummet in Volatile Trading

10 Oct 2008 17:27 GMT

... American International Group Inc., the New York-based insurer taken over by the government, according to ... Nikkei may soon fall below 8000. In Hong Kong, the Hang Seng Index plunged 1146.37 points, ...

Japanese Ire at U.S. Rises Over Markets

10 Oct 2008 17:27 GMT

... U.S. stocks overnight, were intensified by midsize insurer filing for bankruptcy protection just a day ... closed down 8.3%, while benchmark indices in Hong Kong and China were off 9.4% and 4.4%, ...

Morgan Stanley and Goldman shares tumble

10 Oct 2008 16:51 GMT

... NEW YORK/HONG KONG (Reuters) - Morgan Stanley and Goldman Sachs ... payment of 28 percent of the sum insured plus 500 basis points a year from ...

Market Slumps as Consumer Stocks Slide

10 Oct 2008 16:31 GMT

... services unit. But on the downside, battered insurer American International Group and energy giants Chevron ... with Japan closing down nearly 10 percent, Hong Kong down 7 percent and Australia down 8 ...

Morgan Stanley, Goldman shares tumble

10 Oct 2008 16:30 GMT

... City, September 17, 2008. REUTERS/Mike Segar NEW YORK/HONG KONG (Reuters) - Morgan Stanley and Goldman ... payment of 28 percent of the sum insured plus 500 basis points a year from ...

Stocks Remain Lower in Volatile Trading

10 Oct 2008 16:30 GMT

Wall Street uncertain after day of world-wide panic

10 Oct 2008 16:26 GMT

... Group (AIG) that have been traded. The insurer drew down another $9bn in loans from ... Morgan Stanley. Sumitomo Mitsui Financial also fell. Hong Kong's Hang Seng index closed down 1,146 points ...

Off a cliff

10 Oct 2008 15:51 GMT

... selling set in, as markets slumped in Hong Kong, South Korea and Taiwan, among others. Indonesia's ... more. On Friday Yamato Life, a medium-sized insurer, filed for bankruptcy, the first Japanese life ...

"MUFG seems adamant that the deal is going ahead and will close on the 14th. The market seems determined to test their will."

10 Oct 2008 15:44 GMT

... NEW YORK/HONG KONG (Reuters) - Morgan Stanley shares fell as ... payment of 28 percent of the sum insured plus 500 basis points a year from ...

Japan leads Asian market rout

10 Oct 2008 15:35 GMT

... fell as much as 9 per cent, Hong Kong by 9.7 per cent, Australia by 8.4 ... as a real-estate investment trust and an insurer failed. Japans biggest bank, , dropped 8.5 ...

Stocks Pare Losses in Volatile Trading

10 Oct 2008 15:31 GMT

Stocks Negative Again in Volatile Trading

10 Oct 2008 15:30 GMT

... financial services unit. On the downside, battered insurer American International Group and energy giants Chevron ... with Japan closing down nearly 10 percent, Hong Kong down 7 percent and Australia down 8 ...

Morgan Stanley shares drop on MUFG concerns, outlook

10 Oct 2008 15:30 GMT

... City, September 17, 2008. REUTERS/Mike Segar NEW YORK/HONG KONG (Reuters) - Morgan Stanley shares fell ... payment of 28 percent of the sum insured plus 500 basis points a year from ...

M. Stanley shares drop on MUFG concerns, outlook

10 Oct 2008 14:51 GMT

... NEW YORK/HONG KONG (Reuters) - Morgan Stanley shares fell as ... payment of 28 percent of the sum insured plus 500 basis points a year from ...