Wednesday, May 26, 2010

Asian Stocks decline big in the One year

Asian stocks fall last dragging down the MSCI Asia pacific index rights from 2009 January following US joblessness and concern over Europe's debt crisis.
Risk Appetite- Honda motor Co.- a Japanese carmaker sank 6.4% in Tokyo.
Esprit holding ltd- having vast base in Europe, a clothier slid 8.9% in  Hong Kong.
Rio Tinto- Group a mining co. slumped 9.1% sydney as oil and metal price fell.
Sonic Health care Ltd.- fell 23% after cutting its profit forecast.
The MSCI Asia Pacific Index slipped 6.7% to 111.98 last week since Aug.2009
China's shanghai composite Index which entered a bear market as china increased steps to cool its property market sank 4.2% and Hong Kong's Hang Seng Index declines 3% in a holiday shortend week.
Japan's Nikke 225 stock average declined 6.5% over inflation fears.
Qantas Aiways Ltd- Australia's largest airline dropped 9.9% to A$2.38 in Sydney packing drops in consumer stocks.
Li and Fund ltd- the No.1 supplier for retailers slipped 2.3% to HK$34.35 in Hong Kong.
Stocks fall following US economic reports and a ban on naked short selling of certain securities imposed by Germany.
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