Monday, July 18, 2011

Asian Stock Opened To Fall To Be Triggered By Sentiment Owe ACE and Europe

Asian stock markets fell for a third day after a report showed U.S. manufacturing stalled last month and consumer confidence fell unexpectedly, triggering fears of Asian export demand may weaken.
The MSCI index of Asian stocks fell 0.5% to 473.71 at 09:00 amin Hong Kong. Tokyo stocks closed down today due to national holidays.
In stock Seoul, Korea Composite Stock Price Index (KOSPI) fell0.14% at 2,142.23.
  Hong Kong shares opened lower associated investors cautious steps in the middle of the upcoming corporate results and debt problems in Europe and the U.S..

The Hang Seng stock index opened down 0.67% or about147.45 to 21.727. stock
Semiconductor Manufacturing International Corporation (SMIC)opened down 7.94% or about 0.05 to 0.58 after its CEO resigned. Shanghai Composite share index closed up 0.15% or about4.12 to 2824.28.
Shares of the largest life insurance companies in the country jumped nearly 6% to the highest level of three months after the company said it would buy back shares worth $ 3 million between July 18 and October 17 to increase the stock price.

The market was also under pressure after the CJ Group said itis considering selling their stake in Samsung to fund the acquisition of approximately $ 2.2 billion won.

On the Australian stock exchange, S & P index opened down 0.4%, or about 17.90 to 4455.60. While New Zealand's NZX stock index slipped 0.5% to 3,390.7.

News Corp. shares dropped 3.6% to as low as A $ 14.24, as the impact of hackers phone scandal worsened, with the arrest of former head of Rupert Murdoch's British newspapers and the resignation of the head of the British police.

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