• Asia Pacific stocks close:

Market news

23 May 2012

Asia Pacific stocks close:

 

Asian stocks fell, with the regional benchmark index snapping a two-day rally, as concerns mounted that Greece may exit the euro zone and the Bank of Japan refrained from deploying further monetary stimulus, dimming the outlook for exporters.

Nikkei 225 8,556.6 -172.69 -1.98%

Hang Seng 18,786.19 -252.96 -1.33%

S&P/ASX 200 4,067.04 -53.97 -1.31%

Shanghai Composite 2,363.44 -9.87 -0.42%

Cosco Pacific Ltd., which operates container facilities at Greece’s Piraeus port, fell 4 percent in Hong Kong.

Mitsui & Co., a Japanese trading company, slid 1.6 percent after the nation’s trade data missed estimates.

Quanta Computer Inc. led computer makers lower in Taiwan, dropping 4.2 percent, after bellwether Dell Inc. forecast slower sales.

Shanghai Pharmaceuticals Holding Co. slumped 24 percent in Hong Kong on a report regulators are investigating the drugmaker for suspected financial fraud.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.