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Asian markets tumble on U.S. fiscal cliff

08 Nov 2012 Evaluate

Asian markets tumbled on Thursday as concerns as the U.S. fiscal cliff made investors nervous merely a day after the U.S. presidential election results. Japan’s Nikkei closed in negative territory with the stronger yen pressuring Japanese exporters. Chinese markets went home with red mark ahead of announcement of the next generation of leaders later today. Meanwhile, market sentiments were pressured after the European Union slashed its economic forecast.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,071.51

-34.22

-1.63

Hang Seng

21,774.36

-325.49

-1.47

Jakarta Composite

4,327.87

-22.56

-0.52

KLSE Composite

1,641.07

-4.46

-0.27

Nikkei 225

8,837.15

-135.74

-1.51

Straits Times

3,012.25

-31.02

-1.02

KOSPI Composite

1,914.41

-23.14

-1.19

Taiwan Weighted

7,242.63

-44.55

-0.61