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Asia Stocks Fall Over Euro Debt Worries (11th August, 2011)

The value of stocks and shares on Asian stock markets fell on Wednesday. This is because investors are worried about Europe’s growing debt. They are also concerned that their economies are growing too slowly. Japan’s Nikkei 225 index was down by 1.3% and Hong Kong’s Hang Seng dropped by 1%. Many investors sold their shares in early trading. This was because of rumours that France might be the next country to lose its triple-A (AAA) credit rating. There is concern about how much Greek debt French banks have.

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Fears in Asia are part of worldwide worries about a slowdown in the global economy. No one is sure of where the markets will go. Andrew Robinson of Saxo Capital Markets told the BBC: "We have had [changeable] markets in the past that have headed in one direction, but this time around, no one seems to know what is going to happen." This uncertainty is making Asians sell their shares and buy gold. On Thursday, the price of gold climbed above the $1,800 per ounce mark for the first time ever.

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PHRASE MATCH

Match the following phrases from the article.
Paragraph 1


1.

The value of stocks and shares on Asian

a.

too slowly

2

worried about Europe’s

b.

trading

3.

economies are growing

c.

rating

4.

investors sold their shares in early

d.

stock markets fell

5.

lose its triple-A (AAA) credit

e.

banks have

6.

how much Greek debt French

f.

growing debt

Paragraph 2


1.

a slowdown in

a.

will go

2

where the markets

b.

sell their shares

3.

headed in one

c.

gold climbed

4.

this time around, no one seems

d.

the global economy

5.

This uncertainty is making Asians

e.

direction

6.

the price of

f.

to know


LISTENING GAP FILL


The ___________________ shares on Asian stock markets fell on Wednesday. This is because ___________________ about Europe’s growing debt. They are also concerned that their economies are ___________________. Japan’s Nikkei 225 index was down by 1.3% and Hong Kong’s Hang Seng dropped by 1%. Many investors sold their shares ___________________. This was because of rumours that France might ___________________ to lose its triple-A (AAA) credit rating. There is ___________________ much Greek debt French banks have.
Fears in Asia are ___________________ worries about a slowdown in the global economy. No ___________________ where the markets will go. Andrew Robinson of Saxo Capital Markets told the BBC: "We have had [changeable] markets in the past that have ___________________ direction, but this time around, no one seems to know what is ___________________." This uncertainty is making Asians sell their ___________________. On Thursday, the price of gold climbed above the $1,800 per ounce ___________________ time ever.


MULTIPLE CHOICE


The (1) ____ of stocks and shares on Asian stock markets fell on Wednesday. This is because investors are worried about Europe’s (2) ____ debt. They are also concerned that their economies are growing too slowly. Japan’s Nikkei 225 index was down (3) ____ 1.3% and Hong Kong’s Hang Seng dropped by 1%. Many investors sold their shares in (4) ____ trading. This was because (5) ____ rumours that France might be the next country to lose its triple-A (AAA) credit rating. There is concern about how much Greek debt French banks (6) ____.
Fears in Asia are part of worldwide (7) ____ about a slowdown in the global economy. No one is sure of where the (8) ____ will go. Andrew Robinson of Saxo Capital Markets told the BBC: "We have had [changeable] markets in the past that have (9) ____ in one direction, but this time around, no one seems to know what is going to happen." This (10) ____ is making Asians sell their shares and (11) ____ gold. On Thursday, the price of gold climbed (12) ____ the $1,800 per ounce mark for the first time ever.
Put the correct words from this table into the article.


1.

(a)

valued

(b)

value

(c)

valuer

2.

(a)

growth

(b)

growing

(c)

grown

3.

(a)

by

(b)

for

(c)

up

4.

(a)

fast

(b)

before

(c)

early

5.

(a)

of

(b)

by

(c)

at

6.

(a)

do

(b)

be

(c)

have

7.

(a)

worry

(b)

worries

(c)

worried

8.

(a)

markets

(b)

shops

(c)

malls

9.

(a)

faced

(b)

headed

(c)

backed

10.

(a)

uncertain

(b)

not sure

(c)

uncertainty

11.

(a)

buy

(b)

make

(c)

invests

12

(a)

below

(b)

for

(c)

above


SPELLING


Spell the jumbled words (from the text) correctly.


Paragraph 1

1.

The leavu of stocks and shares

2.

vntrssieo are worried

3.

economies are rgiwgon too slowly

4.

in early rnidgta

5.

tlpier-A (AAA) credit rating

6.

There is nrcenoc

 

Paragraph 2

7.

part of worldwide oerswir

8.

a oolnwwds in the global economy

9.

dheead in one direction

10.

what is going to naehpp

11.

This tcnunryaite is making Asians sell

12.

the price of gold ciembdl


PUT THE TEXT BACK TOGETHER


Number these lines in the correct order.


(    )

too slowly. Japan’s Nikkei 225 index was down by 1.3% and Hong Kong’s Hang Seng dropped

(    )

BBC: "We have had [changeable] markets in the past that have headed in one direction, but this time

1  )

The value of stocks and shares on Asian stock markets fell on Wednesday. This is because investors

(    )

climbed above the $1,800 per ounce mark for the first time ever.

(    )

rating. There is concern about how much Greek debt French banks have.

(    )

of rumours that France might be the next country to lose its triple-A (AAA) credit

(    )

making Asians sell their shares and buy gold. On Thursday, the price of gold

(    )

around, no one seems to know what is going to happen." This uncertainty is

(    )

economy. No one is sure of where the markets will go. Andrew Robinson of Saxo Capital Markets told the

(    )

Fears in Asia are part of worldwide worries about a slowdown in the global

(    )

by 1%. Many investors sold their shares in early trading. This was because

(    )

are worried about Europe’s growing debt. They are also concerned that their economies are growing


WORD JUMBLE


With a partner, put the words back into the correct order.


1.

markets   The   value    on     shares   and    stocks   of   Asian    stock.

2.

Europe’s     about     worried     are     Investors     debt     growing.    

3.

are    Concerned    growing    that    too    their     slowly     economies.

4.

sold     Investors     trading     early     in     shares     their.    

5.

Greek     much     How     have     banks     French     debt.    

6.

about     global     a     economy     slowdown     in     Worries     the.    

7.

is     sure     of     where     the     markets     will     go     No     one.    

8.

the     had     past     changeable     markets     We     in     have.    

9.

making     is     Uncertainty     shares     their     sell     Asians.    

10.

Gold    mark    ounce    per    800    ,    1    $    the    above     climbed.    


DISCUSSION (Write your own questions)

STUDENT A’s QUESTIONS (Do not show these to student B)

1.

________________________________________________________

2.

________________________________________________________

3.

________________________________________________________

4.

________________________________________________________

5.

________________________________________________________

6.

________________________________________________________


------------------------------------------------------------------------------

STUDENT B’s QUESTIONS (Do not show these to student A)

1.

________________________________________________________

2.

________________________________________________________

3.

________________________________________________________

4.

________________________________________________________

5.

________________________________________________________

6.

________________________________________________________


WRITING


Write about stocks and shares for 10 minutes. Show your partner your paper. Correct each other’s work.
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________


HOMEWORK

1. VOCABULARY EXTENSION: Choose several of the words from the text. Use a dictionary or Google’s search field (or another search engine) to build up more associations / collocations of each word.
2. STOCKS AND SHARES: Search the Internet and find more information about stocks and shares. Talk about what you discover with your partner(s) in the next lesson.
3. MAGAZINE ARTICLE: Write a magazine article about stocks and shares. Include imaginary interviews with Asian investors. Read what you wrote to your classmates in the next lesson. Give each other feedback on your articles.
4. WHAT HAPPENED NEXT? Write a newspaper article about the next stage in this news story. Read what you wrote to your classmates in the next lesson. Give each other feedback on your articles.
5. LETTER: Write a letter to a stock market expert. Ask him/her three questions about stocks and shares. Give him/her three of your opinions on them. Read what you wrote to your classmates in the next lesson. Your partner will answer the questions you asked.

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