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Author: pencils2 Big gold star, 5000 posts Top Recommended Fools Feste Award Nominee! Old School Fool CAPS All Star SN Explorer 1 Mission Team Member Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 7116  
Subject: Foreign Stock Markets Hit Hard Date: 5/15/2006 10:26 AM
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Hi all,

Even as long-term investors, it can be hard to not notice short-term movements. Especially today, as many foreign indexes have gotten hit very hard, below is some info.

Indonesian Share Plunge 6.3 Percent
http://biz.yahoo.com/ap/060515/indonesia_market.html?.v=1

Indonesian Share Plunge 6.3 Percent, Biggest Single-Day Drop Ever

JAKARTA, Indonesia (AP) -- Indonesian shares plunged 6.3 percent Monday, the biggest single-day drop by both points and percentage, on fears that the local currency rupiah will continue to fall against the dollar.


Hong Kong Shares Fall 2.4 Percent
http://biz.yahoo.com/ap/060515/hong_kong_markets.html?.v=1

Hong Kong Shares Fall 2.4 Percent As Traders Take Profit, Wait for Bank of China Listing

HONG KONG (AP) -- Hong Kong shares fell sharply for a second straight session Monday as traders cashed gains and waited for Bank of China's huge initial public offering.


Singapore Shares Dive 3.3 Percent
http://biz.yahoo.com/ap/060515/singapore_markets.html?.v=1

Singapore Shares Dive 3.3 Percent on Weak Wall Street, With Chip Stocks Dropping

SINGAPORE (AP) -- Singapore shares plunged 3.3 percent Monday as weakness on Wall Street sent chip-related issues tumbling.

The Straits Times Index fell 85.75 points to settle at 2,534.83. Decliners led advancers 664 to 71. Trading volume rose to 1.83 billion shares, from Thursday's 1.57 billion.


Taiwan Shares Drop 1.4 Percent
http://biz.yahoo.com/ap/060515/taiwan_markets.html?.v=1

Taiwan Shares Drop 1.4 Percent Following Declines on Wall Street

TAIPEI, Taiwan (AP) -- Taiwan shares fell for the second consecutive session Monday following the decline on Wall Street Friday.


Philippine Shares Tumble 3.2 Percent
http://biz.yahoo.com/ap/060515/philippines_markets.html?.v=2

Philippine Shares Tumble 3.2 Percent on Weakened Peso

MANILA, Philippines (AP) -- Philippine stocks tumbled Monday as investors, taking their cue from the peso's retreat against the U.S. dollar, pocketed gains from the stock market's advance last week to its highest in nearly seven years.


South Korean Shares Slide
http://biz.yahoo.com/ap/060515/skorea_market.html?.v=10

South Korean Shares Slide for 2nd Session As Shipbuilders, Banks Decline

SEOUL, South Korea (AP) -- South Korean shares fell sharply Monday for a second session on losses in stocks that have recently gained including shipbuilders, banks and non-life insurers.

The Korea Composite Stock Price Index dropped 31.22 points, or 2.2 percent, to 1,413.98. Last Thursday the Kospi closed at a record high 1,464.70 points.


Indian Benchmark Index Tumbles 3.8 Pct.
http://biz.yahoo.com/ap/060515/as_fin_mkt_india_markets.html?.v=1

Indian Benchmark Index Tumbles 3.8 Percent on Heavy Selling in Blue Chips

BOMBAY, India (AP) -- Indian stocks tumbled Monday as investors took cues from declines on global markets and sold heavily in blue chips, sending the benchmark index down 3.8 percent.


Thai Shares Fall on Political Woes
http://biz.yahoo.com/ap/060515/thailand_markets.html?.v=1

Thai Shares Fall on Political Woes, Regional Losses

BANGKOK, Thailand (AP) -- Thai shares fell 2.1 percent Monday on profit-taking across the board pressured by prolonged political uncertainties and sharp declines in regional bourses, analysts said.


Gold has also taken a hit:
http://biz.yahoo.com/ap/060515/gold_prices.html?.v=2

Basically, there will always be days like this. I only pay attention to this info because I'm on the lookout for value opportunities, and I'm hoping some will pop up (Especially India). One thing that is interesting to note is that most of the drops were caused from Wall Street or profit taking.

Best,

David K
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