Asia hopeful it can weather financial storm

The video discusses the volatile state of Asian stock markets, particularly focusing on Hong Kong's sharp decline and subsequent recovery following the US Congress's rejection of a bailout plan. It highlights investment opportunities in the long term. The video also covers the broader impact on Asian markets, noting Japan's significant stock drop but emphasizing the relative stability of Asian banks compared to their Western counterparts. Thailand's Central Bank's intervention to stabilize its financial markets is also mentioned, along with the overall resilience of Asia in facing the global financial crisis.

What was the initial reaction of Hong Kong's stock market to the US Congress's decision?

• A nearly 6% drop in share prices

• A significant rise in share prices

• No change in share prices

• A slight increase in share prices

How did Hong Kong's stock market close after rebounding?

• 1.5% higher

• 2% lower

• 3% higher

• 0.8% higher

What was the impact on Japanese share prices during this period?

• They remained stable

• They rose by 4%

• They increased by 2%

• They plunged over 4%

Why are Asian banks considered more resilient compared to their Western counterparts?

• They have better monitoring and fewer derivatives

• They have issued more derivatives

• They are involved in more diverse activities

• They have more government support

What action did Thailand's Central Bank take to address the financial crisis?

• Decreased taxes

• Implemented stricter regulations

• Injected cash into financial markets

• Increased interest rates