Tuesday, August 31, 2010

U.S. data make Asian stocks crumble

U.S. data make Asian stocks crumble ; Shares in Asian stocks slumped this morning. Bad sentiments come from the U.S. where citizens of State personal income data, Uncle Sam is experiencing slowing growth and under prediction. In addition, the strengthening yen is also making Asian stocks slumped.

Stocks that declined include Sony Corp., which fell more than 2.4%. Decline in BHP Billiton Ltd. also experienced a decline of 1.6% circuitry.

"Principals concerned with the current market conditions in the growth of incomes in the U.S. because the U.S. data. This could have a negative impact because the associated circuitry level of Japanese exports, China and other Asian countries," said Fumiyuki Nakanishi, a strategist at SMBC Friend Securities Co..

At 10:06, the MSCI Asia Pacific Index decreased 1%. Meanwhile, the Nikkei index tumbled 2.3%. The decline was also experienced S & P / ASX 200 fell 0.6% Australia and the NZX 50 index down 0.4%. Kospi index also dropped by 1%.

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