Asian stocks fell today with Nikkei the most as the global rating agency Moody’s downgraded 28 Spanish banks on concerns of country’s sovereign debt and rising bad loans. Nikkei closed to its lowest level on concern that the European leaders will not be able to tackle Euro debt crisis. Shanghai Composite dipped due lack of improvement in vehicle demand. Strait Times had a low volume of trade due to looming of Euro crisis.
On the other hand Hang Seng managed to close in green as Chinese telecom companies hold the market from going down due to heavy volume of trading. Jakarta Composite too closed on a positive note.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2222.07 | -2.05 | -0.09 |
Hang Seng | 18981.84 | 84.39 | 0.45 |
Jakarta Composite | 3,881.84 | 22.81 | 0.64 |
KLSE Composite | 1,594.10 | -9.02 | -0.56 |
Nikkei 225 | 8,663.99 | -70.63 | -0.81 |
Straits Times | 2,805.63 | -9.63 | -0.34 |
KOSPI Composite | 1,817.81 | -7.57 | -0.41 |
Taiwan Weighted | 7,137.93 | -28.45 | -0.40 |