Skip to main content

MoneyWorks4Me

Asian markets end lower on European worries

25 Jul 2012 Evaluate

Asian markets ended lower on Wednesday amid Europe's debt crisis worries and disappointing earnings numbers of Apple in the US. Investors’ sentiments were dampened due to lower than expected earnings from one of the world's most famous consumer-electronics companies, which affected electronics companies in Asia. Nikkei ended into negative territory, hindered by a stronger currency and a broad selloff in technology companies following the Apple results. However, Japanese benchmark sank to a seven-week low, with bellwether electronics companies Sony SNE -0.43%and Panasonic 6752.TO -5.49%slumping 5.2% and 5.5% respectively.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,136.15

-10.44

-0.49

Hang Seng

18,877.33

-25.87

-0.14

Jakarta Composite

4,00.84

8.73

0.22

KLSE Composite

1,635.09

2.52 

0.15

Nikkei 225

8,365.90

-122.19

-1.44

Straits Times

2,990.92

-7.52

-0.25

KOSPI Composite

1,769.31

-24.62

-1.37

Taiwan Weighted

6,979.13

-29.22

-0.42