Sunday, August 26, 2007

The Shanghai Stock Exchange Composite Index broke out to a new record high on Friday, closing at 5107.66.

The Shanghai Composite broke through 5000 for the first time this week as investors in the region remain unfazed by the recent volatility in the U.S. markets.

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Wednesday, August 15, 2007
Global Credit Crisis Impacts Asian Markets
Japan's Nikkei average fell more than 3 percent on Thursday, breaking below 16,000 for the first time since November 2006. The strong yen continued to impact exporters and bank shares as those areas continue to fall amid continued credit concerns.

The Nikkei share average lost 552.67 points, or 3.35 percent, to 15,922.94, as of 0332 GMT, while the TOPIX declined 3.66 percent to 1,535.74.

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