{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='WRAP Nikkei loses 1.6 percent in morning session, Hong Kong' data-url='/boclips/videos/5c54c112d8eafeecae14f8eb' data-video-url='/boclips/videos/5c54c112d8eafeecae14f8eb' 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 Nikkei loses 1.6 percent in morning session, Hong Kong\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'\u003eTokyo1. Various of trading inside the Tokyo stock exchange Hong Kong2. Wide of screen showing Hang Seng Index at -450.60 3. Wide of screen showing global market indices4. Close-ups of various market indices5. SOUNDBITE: (English) Francis...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eTokyo\u003cbr/\u003e1. Various of trading inside the Tokyo stock exchange \u003cbr/\u003eHong Kong\u003cbr/\u003e2. Wide of screen showing Hang Seng Index at -450.60 \u003cbr/\u003e3. Wide of screen showing global market indices\u003cbr/\u003e4. Close-ups of various market indices\u003cbr/\u003e5. SOUNDBITE: (English) Francis Lun, General Manager of Fulbright Securities Ltd.:\u003cbr/\u003e\"Asia has been affected by the fall out from American markets. Basically it is the supply mortgage problem which in turn causes a credit crunch. And a lot of hedge funds or just investment funds face redemption but with the supply mortgage problem many funds cannot sell theirďż˝.the securities they are holding, especially the debt instruments they are holding. There is no market for supply debt instruments.\"\u003cbr/\u003e6. Close-up of index display\u003cbr/\u003e7. Wide pan from display to trading floor\u003cbr/\u003e8. SOUNDBITE: (English) Francis Lun, General Manager of Fulbright Securities Ltd.:\u003cbr/\u003e\"Even though in Asia there is no credit crunch I think the money market is still functioning normally, you don't have a surge for redemption but now it is a global market. What happens in Europe and America affects Asia as well.\"\u003cbr/\u003e9. Wide of trading floor.\u003cbr/\u003eAsian shares dipped on Wednesday, with the Tokyo and New Zealand benchmarks tumbling to their lowest close in nine months, evidence of how the region is battling to shake off jitters over a US credit crunch and broader concerns about the US economy.\u003cbr/\u003eBut some economists and dealers said the gyrations on Asian stock markets were short-term, and some issues could even be good bargains, given the strong growth and earnings data from China, Japan and other regional economies.\u003cbr/\u003eThe Nikkei 225 stock index, the benchmark for the region's biggest stock market, plummeted 369.00 points, or 2.19 percent, to 16,475.61, its lowest since 8 December 2006, as financial issues got hammered by the nervousness about a fallout from the US subprime mortgage crisis.\u003cbr/\u003eJapanese export issues also took a battering from the strong yen. \u003cbr/\u003eWorries have been growing about a slowdown in the US economy, fueled by faltering profit forecasts by major retailers.\u003cbr/\u003eWeak American spending would be a blow to the Japanese and other Asian economies, which are all still heavily dependent on exports to the US.\u003cbr/\u003eIn the early afternoon, Hong Kong's Hang Seng Index was down 2.8 percent, while the benchmark index in the Philippines closed 4.1 percent lower and Taiwan's Weighted Price Index fell 3.6 percent.\u003cbr/\u003eTraders in Tokyo said bargain-hunting there may keep Japanese stocks from plunging too much. \u003cbr/\u003eSome analysts also say market sentiment in Tokyo remains upbeat as worries about subprime mortgages in the US may make it less likely the Bank of Japan will raise interest rates later in the month.\u003cbr/\u003eHowever, Prime Minister Shinzo Abe said Japan's economy remains on a growth track. \u003cbr/\u003eEarlier this week, the government reported that the world's second largest economy marked its 10th straight quarter of expansion in the April to June period, although the pace of growth had moderated.\u003cbr/\u003eOn Tuesday, US retailers announced lower profit forecasts, including Wal-Mart Stores Inc. and Home Depot Inc. \u003cbr/\u003eA slowdown in the US economy, a key export market for Asia, could spell a more real danger for the region.\u003cbr/\u003eOvernight in the US, the Dow shed 1.57 percent to 13,028.92, on the verge of falling below the psychologically important 13,000 mark, which it first crossed in late April.\u003cbr/\u003eElsewhere in Asia on Wednesday, Jakarta's main stock index was down 5.8 percent, Australia's benchmark is down 3.0 percent, and Thailand is down 1.7 percent.\u003cbr/\u003eIn New Zealand, the benchmark NZX-50 index slipped below the psychological 4,000 barrier before ending down 1.5 percent at 4,004.46, its lowest closing since December 2006.\u003cbr/\u003eStock markets were closed in India and South Korea for national holidays.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv 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