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Asia Markets 2/27/2007 Shanghai Market Dives, China Petroleum Down 3.4%

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By Douglas A. McIntyre Published
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Stocks: (CAJ)(FUJ)(HIT)(HMC)(NIPNY)(NTT)(DCM)(TM)(CHL)(CHU)(CN)(PCW)(HBC)

Markets in Asia were down lead by large sell-offs in Chinese markets.

The Nikkei was off .5% to 18,120. Bridgestone was up .8% to 2525. Canon was up .3% to 6650. Fuji Film was down .8% to 5230. Hitachi was up 2% to 860. Honda was down .4% to 4640. NEC was down .8% to 648. NTT was up 3.3% to 654000. Docomo was 2.7% to 227000. Sharp was up .2% to 2295. Softbank was up 3.6% to 3160. Sony was up 2% to 6520. Toshiba was up 1.1% to 768. Toyota was up .6% to 8340. Yahoo Japan was down .5% to 46350.

The Hang Seng was off 1.8% to 20,148. Cathay Pacific was down 3.1% to 20. China Mobile was down 2.9% to 79.4. China Netcom was down .1% to 19.4. China Unicom was up .8% to 10.38. HSBC was down .3% to 137.8. PCCW was down .8% to 4.68.

The KOSPI was was down 1.1% to 1,455.

The Straits Times was down 2.3% to 3,232,

The Shangai Composite was off 8.8% to 2,772.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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