WRAP Asian markets tumble on back of Wall Street plunge ADDS Beijing, Sydney, Taipei
(18 Sep 2008) Hong Kong 1. Wide of workers at desks 2. Mid of electronic trading board 3. Close of Heng Seng Index down 618.56 points at 17,018.63 points 4. SOUNDBITE: (English) Anthony Espina, Managing Director of Goldride Securities Limited: "Derivative products based on AIG bonds and shares and so forth are estimated to be at about 500 (b) billion US dollars, ok? What is the recovery rate on these? If the US government stepping in to help out, let's say the recovery is 90 percent, 95 percent, so there's losses of five percent on these products, five percent of 500 (b) billion dollars, is 25 (b) billion US dollars, which is not a small sum of money." 5. Pan of trading floor Beijing, China 6. Wide of people at trading centre 7. Electronic trading boards 8. Mid of trading board showing falls of stocks 9. Various of stock chart on trading boards 10. Wide of people watching at of trading boards in stock market 11. SOUNDBITE: (Mandarin) Wang Wu, Analyst, DaTong Securities: "Declines in local A-share markets, included banks, securities companies and insurance companies are being affected by the unstable overseas markets." 12. Various of stocks buyers discussing and pointing at stock chart on computer screen 13. SOUNDBITE: (Mandarin) Wang Wu, Analyst, DaTong Securities: "Currently stock index is affected by the world market, seems like no improvement is going to happen in short-term." 14. Tilt down from electronic board showing decline in index 15. Mid of stock buyers discussing and pointing at electronic boards 16. Mid of electronic board and stock buyer in front Tokyo, Japan 17. Wide of screen and office work stations at Tokyo stock exchange 18. Mid of work station with sign reading (English) "Tokyo stock exchange" 19. Wide of electronic screen 20. Close up of moving graphics on screen 21. Various of screen showing decline in stock index 22. Mid of workers chatting around work stations 23. Mid of stock staff talking on phone Sydney, Australia 24. Close up of electronic board showing decline in Sydney stock index 25. Various of stock buyers looking at boards 26. Various of trading boards showing decline Seoul, South Korea 27. Wide of large screen in the Korea Exchange 28. Various close ups of screens 29. Wide of large screen 30. SOUNDBITE: (Korean) Park Soyeon, Strategist, Korea Investment & Securities: "Feelings of insecurity are spreading in US that there could be the second and third Lehman Brothers and concerns that this insecurity could affect Europe and Asia is also spreading everywhere." 31. Close-up pan of graph on screen 32. Mid of worker at desk 33. Tilt down on screen 34. Mid of camera and screen 35. Wide of the Korea Exchange Taipei, Taiwan 36. Wide of electronic board 37. Close-up of screen showing Taiwan's stock 38. Woman looking at screens showing Taiwan's stock 39. Mid of investors using monitors 40. Close-up of monitor showing Weighted Price Index of Taiwan Stock Exchange 41. Close-up of figure showing Taiwan's stock closing at 5641.95points, dropping 2.73 percent 42. SOUNDBITE: (Mandarin) Colin Shiao, analyst, Shin Kong Securities: "The external factor goes to the rocking world's stock market and the Lehman issue and AIG issue affecting the world's stock market. Taiwan's stock market remains a bit weak and it is due to the internal factor that the government's policy is still uncertain." 43. Man looking at monitors 44. Tilt down of monitors STORYLINE Every regional benchmark fell deeply in the red. In Japan, the Nikkei 225 stock index was down 445.67 points, or 3.79 percent, at 11,304.12. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: / ap_archive Facebook: / aparchives Instagram: / apnews You can license this story through AP Archive: http://www.aparchive.com/metadata/you...
