{"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='ASIA: FINANCIAL MARKET HOLDS STEADY' data-url='/boclips/videos/5c54c34fd8eafeecae1604fe' data-video-url='/boclips/videos/5c54c34fd8eafeecae1604fe' 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\nASIA: FINANCIAL MARKET HOLDS STEADY\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'\u003eEnglish/NatHong Kong's financial market on Thursday managed to hold steady so far and avoid taking a severe hit after yesterday's Nasdaq fall.At morning close the benchmark Hang Seng index was down 255.93 points, to 14,674.79.However...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eHong Kong's financial market on Thursday managed to hold steady so far and avoid taking a severe hit after yesterday's Nasdaq fall.\u003cbr/\u003eAt morning close the benchmark Hang Seng index was down 255.93 points, to 14,674.79.\u003cbr/\u003eHowever Tokyo stocks tumbled early on Thursday, hit by the sharp drops in U-S stocks on Wall Street the previous day. \u003cbr/\u003eThe benchmark 225-issue Nikkei Stock Average shed 278.95 points, or 2 percent, to 13,635.48 points in the first 30 minutes of trading. \u003cbr/\u003eOn Wednesday, the average closed down 217.94 points, or 1.54 percent.\u003cbr/\u003eOn the stock market, share prices moved lower, almost across the board, after U-S high-tech shares and blue chips plunged.\u003cbr/\u003eThe broader Tokyo Stock Price Index of all issues listed on the first section was down 31.23 points, or 2.42 percent, to 1,258.08.\u003cbr/\u003eThe TOPIX closed down 25.32 points, or 1.93 percent, the day before.\u003cbr/\u003eIn currency dealings, the dollar continued to strengthen against the yen amid lingering concerns about a slowing in Japan's economy.\u003cbr/\u003eThe dollar bought 112.94 yen, up 0.08 yen from late Wednesday in Tokyo, and also above its late New York level of 112.77 yen overnight.\u003cbr/\u003eIn other currencies, the euro was traded at 102.69 yen, up from 101.28 yen at Wednesday's close.\u003cbr/\u003eThe yield on the benchmark 10-year Japanese government bond was unquoted in early trading. \u003cbr/\u003eOn Wednesday, it settled at 1.5750 percent and its price stood at 101.94.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"Because the main weakness in our market is China Telecom, and Hutchinson, which is telecom related. Otherwise some of our leading property counters are up on the day. One or two utilities are very firm as well, and many of the banks are only down slightly. They of course are more interest rate sensitive stocks\"\u003cbr/\u003eSUPER CAPTION: Howard Gorges, Director, South China Brokerage\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"We have of course fallen quite a lot from our highs, so it's not as if we are ignoring Wall Street, but Nasdaq weakness hasn't really got that much to do with Hong Kong, and prospects for Hong Kong next year look reasonable. China's economy looks like it is going to have another strong year.\"\u003cbr/\u003eSUPER CAPTION: Howard Gorges, Director, South China Brokerage\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"Basically this is the pattern not just the past few days but pretty much the last year, which is that the U-S market, particularly the tech-market, has been driving the Japanese market, and when you get weakness in America you get direct effect in Japan and the U-K, similar weakness in the Japanese market.\"\u003cbr/\u003eSUPER CAPTION: Richard Jerram, Chief Economist, ING Barrings Securities Japan\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"I think that the problem is that the price of Japanese equities will continue to be driven by events in the U-S. If the U-S is going to see a soft landing, if interest rates are going to be cut, than the outlook is probably not that bad, but I think the problem is that even though profits here are up by over 60 percent form the lows of a couple of years ago, it hasn't had much of an effect on the stock market, simply because there are too many other factors involved, the U-S market and also cross share holding unwinding as well. \"\u003cbr/\u003eSUPER CAPTION: Richard Jerram, Chief Economist, ING Barrings Securities Japan\u003cbr/\u003e Hong Kong and Tokyo - 21 December 2000 and recent file \u003cbr/\u003eHong Kong, 21 December\u003cbr/\u003e1. Wide shot pan to Hong Kong stock exchange trading floor\u003cbr/\u003e2. Mid shot traders on Hong Kong stock exchange trading floor\u003cbr/\u003e3. Close up display showing fall in Hang Seng index\u003cbr/\u003e4. SOUNDBITE (ENGLISH): Howard Gorges, Director, South China Brokerage\u003cbr/\u003e5. Various Hong Kong stock exchange trading floor\u003cbr/\u003e6. SOUNDBITE (ENGLISH): Howard Gorges, Director, South China Brokerage\u003cbr/\u003e7. Various Hong Kong stock exchange trading floor\u003cbr/\u003eTokyo, 21 December\u003cbr/\u003e8. Various of Tokyo Stock Exchange\u003cbr/\u003e9. Introduction shot of Richard Jerram, Chief Economist, ING Barrings Securities Japan\u003cbr/\u003e10. SOUNDBITE: (English) Richard Jerram, Chief Economist, ING Barrings Securities Japan\u003cbr/\u003eTokyo, Recent File\u003cbr/\u003e11. Various of Tokyo Foreign Exchange\u003cbr/\u003eTokyo, 21 December\u003cbr/\u003e12. SOUNDBITE: (English) Richard Jerram, Chief Economist, ING Barrings Securities Japan\u003cbr/\u003e13. 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id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003ehong kong, china, japan, east asia, business, economy, asia\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' 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