Oil Prices, Global Worries Drag Down Asian Stocks Co-host Ari Shapiro has this morning's business news.

Oil Prices, Global Worries Drag Down Asian Stocks

Oil Prices, Global Worries Drag Down Asian Stocks

  • Download
  • <iframe src="https://www.npr.org/player/embed/92178028/92178012" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Co-host Ari Shapiro has this morning's business news.

ARI SHAPIRO, host:

NPR's business news starts with gloom in global stock markets.

Asian stock exchanges ended their trading day lower. Tokyo's main stock index has lost more than 8 percent over the last two weeks. The region's biggest exchange has not done this badly in more than 50 years. High oil prices and worries about the world economy are dragging down the stocks of big exporters like Toyota. As oil hit a record in overseas trading today, stock prices in Australia, India, and South Korea also fell.

Copyright © 2008 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.