Wednesday, July 13, 2011

Asian Stocks Fall After Opening Positive 2 Days Respectively

Asian stock markets opened mixed on Wednesday, euro zone debt-related crisis, including a reduction in rank to Ireland to junk status, making investors cautious. The MSCI index of Asian shares rose 0.3% to 134.86 at 10:03 am in Tokyo

At the Tokyo stock market, the Nikkei stock index fell 0.2% to 9,905.97. The broader Topix index fell 0.2% to 855.23. This is triggered by a stronger yen and euro debt crisis renewed concerns. Komatsu Ltd., the second largest manufacturer of construction machinery in the world rose 1.4%. Shares of Mitsubishi Corp., which benefited about 43% of the total commodities rose 1.4% in Tokyo.



In stock Seoul, Korea Composite Stock Price Index (KOSPI) opened slightly higher after dropping three consecutive days, triggering the index plunged to its lowest level this month.

KOSPI rose 0.38% or about 7.97 to 2117.70. Previously, the index fell 2.2% on Tuesday, the lowest daily level in more than a month.

The Hang Seng stock index opens up 0.61% or about 131.21 to 21.794. After the worst two-day decline in 17 months, triggered an oversold condition is close to the graph. Meanwhile, the Shanghai Composite stocks are flat in the range of 2,756.03.
China estimates that the revenue gained from the Agricultural Bank of China.

In Southeast Asia, Singapore's STI stock index opened flat at around 3076.54, while Malaysia's KLCI index also moved flat in the range of 1578.48.

On the Australian stock exchange, ASX stock index rose 0.45% or about 9.56 points to 2119.29, driven by higher banking and mining sectors.
Macarthur Coal shares remained in focus as investors awaited an answer for A $ 4.7 billion bid from Peabody and ArcelorMittal.
National Australia Bank (RAP) is also in the spotlight after a newspaper report that sought more time to put in a bid to Lloydy branch sales.

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