Euro, looming war impacts Asian markets
By Fintan Ng
KUALA LUMPUR: Concerns over the euro-zone's financial health continued to stalk the regional markets in Tuesday morning trade with talk of war looming between North and South Korea placing further pressure on the markets.
At the local bourse, stocks in the financial services sector and Sime Darby continued to drag the FBM KLCI down, with the index losing nine-tenths of a percent to 1,262.47 while Singapore's Straits Times Index fell 1.35% to 2,687.05 at 10.15am.
Seoul's Kospi Index tumbled 3.24% to 1,552.97 as North Korea's Kim Jong Il ordered the country's military to get ready for war, according to news reports.
Tokyo's Nikkei 225 slumped 2.37% at the mid-morning break, Hong Kong's Hang Seng Index shed 1.98%, the Taipei Index fell 2.36% and Shanghai's A share index dropped 1.36% to 2,636.97.
Spot gold was down US$1.85 to US$1,189.80 per ounce.
Nymex crude oil lost 82 cents to US$69.39 per barrel.
The ringgit was quoted at 3.352 to the US dollar and 4.121 to the euro.
Link: http://biz.thestar.com.my/news/story.asp?file=/2010/5/25/business/20100525105755&sec=business
No comments:
Post a Comment