• Asian Stocks close: most stocks closed lower due to delay to the link between the Hong Kong’s and Shanghai’s stock exchange

Market news

27 October 2014

Asian Stocks close: most stocks closed lower due to delay to the link between the Hong Kong’s and Shanghai’s stock exchange

Most Asian stock indices closed lower due to the delay to the link between the Hong Kong's and Shanghai's stock exchange. The link between both stock exchanges still hadn't received regulatory approval.

Markets were supported by the results from the European Central Bank's stress tests. The European Central Bank said on Sunday that 25 banks failed due to a capital shortfall and 13 banks have to raise an additional €10 billion in capital. Most banks have already taken steps to solve their problems.

Indexes on the close:

Nikkei 225 15,388.72 +97.08 +0.63%

Hang Seng 23,143.23 -158.97 -0.68%

Shanghai Composite 2,290.44 -11.84 -0.51%

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