Posts Tagged ‘ Asian Stocks ’

Standard & Poor’s Downgrade; Asian Stocks Slip

January 16, 2012
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Standard & Poor’s recently downgraded nine European countries, including France. The ratings imply that a solution to the issues in the region has yet to be found as the Eurozone debt crisis festers. Though the downgrades were expected by many, the situation remains shaky as concerns begin to spread. “The downgrade set a nervous for this week’s markets as we approach more significant hurdles in the evolution of the Eurozone crisis,” said Ric Spooner of CMC Markets. Asian stocks...

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Asian Stocks Fall as Congressional Budget Office Reaches Deadline

November 21, 2011
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Asian stocks have fallen a fifth day, as have Standard & Poor’s 500 Index futures and the Australian and New Zealand dollars. The MSCI Asia Pacific Index fell 0.4% in Tokyo, nearing to longest losing streak since August. According to a Democratic aide, the congressional committee should be announcing its failure to reach an agreement on $1.2 trillion in federal budget savings. Japenese exports saw declines for the first time in a quarter, and Singapore predicts slow economic growth...

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Asian Stocks Fall as Greek Prime Minister Steps Down

November 10, 2011
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Asian stocks suffered a blow as Greek Prime Minister George Papandreou agreed to leave his post and Italian PM Silvio Berlusconi fought to maintain his advantage in face of the parliamentary vote. HSBC Hodings, Europe’s primary lender, slipped 1% in Hong Kong, while Takeda Pharmaceutical Co. fell 2.3%. Cnooc Ltd. fell 2.2% after the Chinese oil explorer’s BP Plc purchase in Argentina fell through. The MSCI Asia Pacific Index lost 0.4% in Tokyo, with approximately three shares falling for...

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China’s Stock Market and Greece’s Referendum: Michiya Tomita

November 3, 2011
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Asian stocks have fallen for three days as Greece’s referendum plan heightens concerns that the debt crisis will not be contained. Hong Kong stocks reconvened as a result of beliefs that China will now act to stimulate its economy. The MSCI Asia Pacific Index fell 0.6% to 118.41 in Tokyo, while three stocks fell for every two that rose. Meanwhile, banks like the Industrial and Commercial Bank of China, as well as developer and infrastructure companies rallied with hopes...

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Asian Stocks Fall as World Concern Heightens

October 3, 2011
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Asian stocks have dropped, deepening the hole of the regional benchmark index’s biggest quarterly deterioration in over two years. Sony Corp fell 6.2% in Tokyo, reaching its lowest price in 24 years, while Toyota Motor Corp, the largest carmaker in the world, fell 2% as well. Building materials, suppliers and mining companies have also seen significant losses. “The U.S. is not falling into recession, but it’s definitely slowing down,” said Diane Lin of Pengana Capital in Sydney. “We might...

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Asia Stocks Fall as Crisis in Europe and US Heightens

September 5, 2011
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As the euro falls further against the dollar, Asian stocks slip as well. Mounting concerns of a new United States recession and the debt crisis in Europe have resulted in investors selling riskier assets. Employment data in the US last week revealed that no jobs were created last month, for the first time in nearly a year. “Even if you take out the effect from the Verizon strike, it is still a lousy number and people are concerned that...

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