Asian markets fell today after Spain has requested for a bailout to protect the debt-laden nation’s beleaguered banks. Also, the investors were pessimistic about the upcoming summit of European Leaders in Brussels as this will be 20th times that the 17-countries leaders will try to resolve the debt crisis. Nikkei plunged to one week low. Shanghai Composite declined as there were no new policies to improve the vehicle demand in the world’s biggest auto market.
Shanghai Composite was down by 15.63 points or 0.70% to 2208.48, KLSE Composite declined 3.06 points or 0.19% 1600.15, Nikkei dipped by 66.67 points or 0.76% to 8668.06. Strait Times declined by 6.47 points or 0.23% to 2809.12. Kospi Composite Index shed 3.80 points or 0.22% to 1821.47. Taiwan Weighted plummeted 39.69 points or 0.56% to 7126.96.
On the flip side, Jakarta Composite was up by 11.06 points or 0.29% to 3868.65 and Hang Seng Index managed to rally by 21.25 points or 0.11% to 18918.70 after buying in Companies like China Shenhua Energy and China Unicom Hong Kong which supported the market after recent slide.