Asian equities move southward on Thursday amid Greek debt deal doubts

23 Feb 2012 Evaluate

Stocks in Asian region fell on Thursday as investors remained concern that the rescue package of $170 billion announced for Greece on Tuesday will not be sufficient to keep the debt-laden country from eventually defaulting. Moreover worries over slowdown in the global economy, including higher oil prices and data showing the euro zone may be sliding toward recession, too dampened the sentiments.

Seoul composite lost over a percentage point as foreign investors remained sellers of a net 95.9 billion won ($85.17 million) worth of stocks, poised to end a four-session buying streak. Institutions continued selling for a seventh straight session, offloading 82.9 billion won worth of stocks. Indonesia and Singapore’s index too lost near a percentage point in the trade, however, Japanese Nikkei share average advanced on Thursday to end just below 9,600, with a softer yen underpinning market sentiment.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,409.55	5.97	0.25
Hang Seng	21,380.99	-168.29	-0.78
Jakarta Composite	3,958.81	-36.21	-0.91
KLSE Composite	1,556.66	-3.86	-0.25
Nikkei 225	9,595.57	41.57	0.44
Straits Times	2,968.34	-27.25	-0.91
Seoul Composite	2,007.80	-20.85	-1.03
Taiwan Weighted	7,937.30	-64.38	-0.80

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