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(单词翻译:双击或拖选)
The share market euphoria that greeted Barack Obama's victory in the U.S. presidential election did not last long.
Asian markets tumbled Thursday, a day after celebrating the Illinois senator's historic win, because of lingering concerns about fundamental flaws in the global economy. Most Asian markets had risen Wednesday on the election results.
A pedestrian walks past a board displaying the Hang Seng Index in Hong Kong, 06 Nov 2008 |
South Korea's main Kospi index lost more than seven percent, and steel and auto2 exporters were the big losers - a sobering reversal after five sessions of gains. Hong Kong's Hang Seng index fell almost as much and Japan's Nikkei also slumped3 by more than 6.5 percent.
Japanese carmakers suffered. Shares in Toyota plunged4 more than 10 percent on worries about sliding earnings5. The company cut its profit forecast for the current year by more than half to 550 billion yen6. Shares in rival Isuzu Motors also fell.
The global gloom followed the release of economic data in the United States that showed deep cuts in employment in October.
Despite such widespread pessimism7, Australian Finance Minister Lindsay Tanner thinks the worst of the global financial crisis is over.
"Nobody can predict what these international pressures will do. I'm optimistic that things have improved and that we've have seen the worst of these circumstances in the United States and in Europe," said Tanner. "But we will be doing everything we can to push back against these very powerful economic forces."
Australia's main stock index closed down more than four percent Thursday after post-election jitters8 about the American economy sent Wall Street into a nosedive overnight.
The Dow Jones Industrial Average fell more than five percent because of renewed concerns over a deep recession in the United States.
1 prospects | |
n.希望,前途(恒为复数) | |
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2 auto | |
n.(=automobile)(口语)汽车 | |
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3 slumped | |
大幅度下降,暴跌( slump的过去式和过去分词 ); 沉重或突然地落下[倒下] | |
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4 plunged | |
v.颠簸( plunge的过去式和过去分词 );暴跌;骤降;突降 | |
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5 earnings | |
n.工资收人;利润,利益,所得 | |
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6 yen | |
n. 日元;热望 | |
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7 pessimism | |
n.悲观者,悲观主义者,厌世者 | |
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8 jitters | |
n.pl.紧张(通常前面要有the) | |
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