Monday, April 15, 2013

Asian markets fall on weak China data, North Korea fears





Asian markets slipped on Monday after a disappointing batch of Chinese growth figures, while traders keep a wary eye on the Korean peninsula, where military tensions are high.


A pick-up in the yen dragged on Japan’s Nikkei after the US warned Tokyo to avoid competitive devaluation as the unit faces heavy selling pressure on the back of huge central bank stimulus measures.


Tokyo fell 1.21 per cent by the break, Hong Kong shed 1.25 per cent, Shanghai was 0.66 per cent lower and Sydney lost 0.99 per cent, while Seoul eased 0.84 per cent.









via Business feed http://www.scmp.com/business/money/market-snapshot/article/1215090/asian-markets-fall-weak-china-data-north-korea-fears

No comments:

Post a Comment