{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='WRAP Markets fall in Tokyo, Hong Kong, India after Wall Street plunge' data-url='/boclips/videos/5c54bc3ad8eafeecae12b0c5' data-video-url='/boclips/videos/5c54bc3ad8eafeecae12b0c5' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nWRAP Markets fall in Tokyo, Hong Kong, India after Wall Street plunge\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eTokyo, Japan - 14 March 2007 1. Various of Tokyo Stock Exchange2. Wide shot of Shinichi Ichikawa, Equity Strategist, Credit Suisse Japan 3. SOUNDBITE (English) Shinichi Ichikawa, Equity Strategist, Credit Suisse Japan: \"We believe that...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eTokyo, Japan - 14 March 2007 \u003cbr/\u003e1. Various of Tokyo Stock Exchange\u003cbr/\u003e2. Wide shot of Shinichi Ichikawa, Equity Strategist, Credit Suisse Japan \u003cbr/\u003e3. SOUNDBITE (English) Shinichi Ichikawa, Equity Strategist, Credit Suisse Japan: \u003cbr/\u003e\"We believe that the Japanese economies are still depending on the global economy, especially the United States. Now that we, or the markets are worried about the recession scenario in the United States later on this year, this sentiment is giving them (inaudible), even back to the Japanese equity markets.\"\u003cbr/\u003eHong Kong, SAR - 14 March 2007 \u003cbr/\u003e4. Pan of Hong Kong Stock Exchange trading floor \u003cbr/\u003e5. Close-up traders working \u003cbr/\u003e6. Mid traders working \u003cbr/\u003e7. SOUNDBITE: (English) Francis, Lun Sheung Nim, General Manager of Fulbright Securities Limited: \u003cbr/\u003e\"Last night we saw the commodities market falling sharply, oil, gold etcetera all fell sharply, as well as equity markets and US dollar exchange rate also fell sharply. And that creates a problem for Asian equity markets. Japan fell, Nikkei lost five hundreds points in early trade and then Hong Kong market opened five hundred points down. So, it is a financial storm that it is really blowing strongly in Asia now. But luckily the stock price market is not really a major segment of the financial market.\" \u003cbr/\u003e8. Mid Francis, Lun Sheung Nim talking \u003cbr/\u003e9. Close-up computer screen showing stock exchange index \u003cbr/\u003e10. Wide of trading floor\u003cbr/\u003e11. Close-up of display showing Hang Seng Index\u003cbr/\u003eFILE: Mumbai, Date Unknown\u003cbr/\u003e12. Wide tilt-down of stock market\u003cbr/\u003e13. Stock brokers on phones\u003cbr/\u003eMarch 14, 2007\u003cbr/\u003e14. SOUNDBITE: (English) Vijay Waichal, Portfolio Manager and Stock Investor:\u003cbr/\u003e\"Apart from the influence of the Asian market, and other markets on our stock exchange, there is a low sentiments in the market at the present because some of our investors or the financial institutions feel that it is an over rated market, and there is a low morale or low sentiment, where the boosting is not taking place. But I feel that only after some substantial scientific way of pushing things will be seen and then only the market will pick up. Otherwise in the next fortnight, if you're asking me, the market will remain very turmoil or volatile and therefore the market will go down sometime, again pull-back, but there wont be a substantial increase in the market.\"\u003cbr/\u003eFILE: Date Unknown\u003cbr/\u003e15. Wide of stock dealers \u003cbr/\u003eAsian stocks plunged on Wednesday after Wall Street chalked its second-biggest drop in four years and rattled already nervous markets worldwide.\u003cbr/\u003eThe tumble extended a couple weeks of international trading turmoil rooted in concerns about overheated global markets and slower growth in the American economy, a major export market for Asian companies.\u003cbr/\u003eConcern about U.S. sub-prime lenders and lacklustre retail sales pushed the Dow Jones industrials down 1.97 percent overnight, sparking selloffs across Asia.\u003cbr/\u003eStocks in Japan, South Korea, Hong Kong, China and Malaysia were all down more than 2 percent, while Indian and Philippines stocks tumbled more than 3 percent.\u003cbr/\u003eAt the Tokyo Stock Exchange, the region's biggest bourse, the benchmark Nikkei 225 index sank 506 points, or 2.95 percent, to 16,673 points. \u003cbr/\u003eForeign investors who bought up stocks during the recent rally led the selling, traders said.\u003cbr/\u003e\"We believe that the Japanese economies are still depending on the global economy, especially the United States,\" Shinichi Ichikawa, Equity Strategist at Credit Suisse Japan told AP Television News.\u003cbr/\u003eMeanwhile, Hong Kong's Hang Seng index fell 2.6 percent.\u003cbr/\u003eAnalyst Francis, Lun Sheung Nim in Hong Kong said the Asian market was facing a \"financial storm\".\u003cbr/\u003e\"Last night we saw the commodities market falling sharply, oil, gold etcetera all fell sharply, as well as equity markets and US dollar exchange rate also fell sharply. And that creates a problem for Asian equity markets,\" he said.  \u003cbr/\u003eIn India, jittery investors sold their holdings in almost every blue chip stock, dragging the 30-share Sensitive Index, or Sensex, the benchmark index of the Bombay Stock Exchange, down by 397 points, or three percent, to 12,585.70 points in midday trading. \u003cbr/\u003eOn the broader National Stock Exchange, the 50-company S\u0026amp;P Nifty index fell 117 points, or three percent, to 3,653.90 points. \u003cbr/\u003eThe fall came just as Indian stocks were recovering from a plunge that started in late February amid fears of a slowing of the US economy. \u003cbr/\u003eThe decline was across the board, hitting automobile, technology and banking sectors. \u003cbr/\u003ePortfolio manager and stock investor, Vijay Waichal, said \"low morale\" as well as the effects of the world markets, were influencing India's stock exchange.\u003cbr/\u003e\"Some of our investors or the financial institutions feel that it is an over rated market, and there is a low morale or low sentiment, where the boosting is not taking place,\" Waichal told AP Television in Mumbai on Wednesday.\u003cbr/\u003eOvernight, the Dow fell 242.66, or 1.97 percent, to 12,075.96 amid concerns about U.S. sub-prime lenders, who provide mortgages to people with poor credit. \u003cbr/\u003eThe U.S. Commerce Department also said sales at retailers rose a less-than-expected 0.1 percent in February, suggesting consumer spending\u003cbr/\u003emight be waning.\u003cbr/\u003eWhile Asian markets are sensitive to signals of a slowdown in the U.S. economy, some analysts said the economic fundamentals of the Asian region remain strong. \u003cbr/\u003eThe recent declines in stock prices were more likely a correction to cool markets that had risen too far too fast over recent months.\u003cbr/\u003eKeyword-financial\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton 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