Asian stocks slide | The Daily Star
12:00 AM, July 02, 2010 / LAST MODIFIED: 12:00 AM, July 02, 2010

Asian stocks slide

Asian stocks slid Thursday on weaker than expected economic data from China and global economic fears, with figures showing growing Japanese business confidence barely making an impact.
Japan's Nikkei index closed down 191.04 points, or 2.04 percent, at 9,191.60, its lowest since November 2009.
Toyota fell 2.27 percent to 3,010 yen after it warned of a possible recall due to an engine fault in its top line Lexus and Crown sedans, adding to a litany of woes in the Japanese auto industry.
In Shanghai, Chinese shares closed down 1.02 percent as weak June manufacturing data weighed on sentiment, dealers said.
The Shanghai Composite Index, which covers both A and B shares, was down 24.58 points at 2,373.79 on turnover of 46.4 billion yuan (6.8 billion dollars).
Singapore's Straits Times Index tumbled 0.53 percent to close at 2,820.35.
Hong Kong was closed for a public holiday.
Seoul closed down 0.71 percent, or 12.05 points, at 1,686.24, reflecting worries about the pace of global economic growth.
Manila plunged 1.70 percent, or 57.45 points, to close at 3,315.26, following overseas markets.
Taipei fell 75.31 points, or 1.03 percent, to 7,254.06.
TSMC fell 0.99 percent to 60.0 Taiwan dollars while Hon Hai was 0.88 percent lower at 113.0.
Wellington shares closed 1.29 percent lower in its sixth straight fall due to continued weakness in foreign markets.
The benchmark NZX-50 index fell 38.27 points to 2,933.82.
Jakarta was down 1.35 percent, or 39.44 points, at 2,874.24 as higher-than-expected June inflation data raised concerns the central bank might start to consider hiking rates.
Bank Danamon declined 3.7 percent to 5,200 rupiah, while Bank Rakyat Indonesia shed 2.2 percent to 9,100 rupiah.
Kuala Lumpur closed down 0.40 percent, or 5.26 points, at 1,308.76.
Berjaya Sports Toto slid 1.2 percent to 4.22 ringgit, while construction firm Tanjong dropped 0.8 percent to 17.30. However CIMB bank climbed 1.1 percent to 7.08 and hospital operator KPJ rose 3.1 precent to 3.37 ringgit.
Mumbai's benchmark Sensex index closed down 1.08 percent, or 191.57 points, at 17,509.33, with steel and telecoms leading the way. Tata Steel fell 2.2 percent, or 10.7 rupees, to 474.9, while the country's second largest mobile phone firm, Reliance Communications, fell 3.03 percent, or six rupees, to 192.33

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Grameenphone and Robi:
Type START <space> BR and send SMS it to 2222

Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News