Market Features

Asia Stocks Catch Lehman Flu, End Lower

 

Asia stocks fell Wednesday and stocks in Europe opened lower as renewed credit concerns and the misfortunes of Lehman Brothers (LEH) weighed on market sentiment.

Japan's Nikkei 225 Stock Average fell 54 points, or 0.44%, to 12,346.63, while stocks trading on the Hang Seng index in Hong Kong fell 2.4%.

The FTSE 100 in London fell 19.60 points, or 0.4%, to 5,396, while the Dax in Germany fell 29.81 points, or 0.5%, to 6,203.60.

S&P and Nasdaq stock futures in the U.S. were higher early Wednesday indicating markets will rise at the opening of trading.

Stocks on Wall Street fell Tuesday as anxious traders dealt a blow to Lehman shares. The Dow Jones Industrial Average tumbled 280.01 points, or 2.4%, to 11,230.73, and the S&P 500 dropped 43.28 points, or 3.4%, to 1,226.51. The Nasdaq fell 59.95 points, or 2.6%, to 2,209.81.

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