Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 30 January 2012 [View all]Ghost Dog
(16,881 posts)CANBERA (dpa-AFX) - Asian shares fell on Monday as investors took some profits off the table ahead of the European Union summit meeting later in the day, where EU leaders and finance ministers will discuss the steps to be taken by the EU in order to overcome the current debt crisis. Focus remained on Greece after the nation's finance minister, Evangelos Venizelos, rejected a German proposal for the E.U. to take control over Greece's tax and spending decisions. Commodities lost ground and the euro snapped a five-day advance against the dollar, weighed down by delays in negotiations between Greece and its private creditors on a debt swap deal.
Tokyo stocks fell for a third day, hit by a strong yen and earnings downgrades. Investors were also concerned about the outlook for global economic growth after data released over the weekend showed U.S. GDP grew at a slower-than-forecast 2.8 percent in the fourth quarter. Both the Nikkei average and the broader Topix index shed around half a percent each...
... China's Shanghai Composite index lost 1.5 percent and Hong Kong's Hang Seng index ended 1.7 percent lower as Beijing failed to meet expectations for a cut in banks' reserve requirements over the week-long Lunar New Year holidays...
... South Korea's Kospi average ended 1.2 percent lower, as weaker-than-expected fourth quarter GDP data from the United States and uncertainty over Greek debt talks prompted foreign funds to turn net sellers after a 12-session buying streak... India's benchmark Sensex was last trading down 1.9 percent on profit taking after rallying more than 11 percent this month. Indonesia's Jakarta Composite was losing 1.8 percent and Singapore's Straits Times was down a percent, while the Taiwan Weighted gained 2.4 percent...
/... http://www.finanznachrichten.de/nachrichten-2012-01/22563522-asian-shares-fall-ahead-of-eu-summit-020.htm