Memo To Asian Investors

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By Douglas A. McIntyre Published
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Asia markets are likely to open lower based on a sharp fall in US financial shares and concerns about the dollar. “With the U.S. performing so poorly, it can only mean bad news for the market here,” said Terunobu Kinoshita, who helps manage $785 million at Fund Creation Co. in Tokyo told Bloomberg.

HSBC (HBC) made a move that may pressure its stock. HSBC is betting that taking ownership of Cullinan Finance Ltd. and Asscher Finance Ltd. — SIVs that in total have $45 billion in assets — will restore investor confidence, according to The Associated Press.

Sony (SNE) may rise on an investment from Dubai, which tends to support the general management direction of the company.

Weakening car sales in the US could put pressure on shares like Toyota (TM) and Honda (HMC).

If the markets in Hong Kong and Tokyo drop early and do not recover in the first two hours, they may slide further and end up off 3% or 4%.

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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