DAVID HAFFENREFFER, CNN ANCHOR: Time to get an update on how the Asian markets finished out the overnight trading session. For that we go right to Hong Kong where Dalton Tanonaka is standing by. Hi, Dalton.</s>DALTON TANONAKA, CNN CORRESPONDENT: Good morning, David. Let me tell you that fears that more economic hardship ahead in Tokyo sparked another round of selling in that market. But some late afternoon buying in the bank sector kept the Nikkei above the 13,000 level, a psychologically important point. Techs ended up being the biggest losers, with Sony falling nearly 1 1/2 percent and chip giant, NEC, slipping nearly 1 3/4 percent. Stocks in Taiwan were on the move, after the government there unveiled a packaging that's stimulating equity markets. The Taiex up more than 1 1/2 percent to end the trading day. South Korean heavyweights, SK Telecom and Samsung, led the Seoul markets lower. The KOSPI falling more than 2 percent. China plays were the strength in Hong Kong, helping drive the Hang Seng up 1.85 percent. China's biggest PC maker, Legend Holdings, surged more than 5 1/2 percent, after confirming its joint venture with AOL/Time Warner, the parent company of CNN. And that is the business day here in Asia. Back to you, David, in New York.</s>HAFFENREFFER: All right, Dalton, thank you very much. Dalton Tanonaka for us live in Hong Kong. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Economic Fears Spark Selling in Tokyo