Stock prices tumbled Triggered Asian European Bank Health Issues

Stock prices tumbled Triggered Asian European Bank Health Issues ; Asian stock trading on Wednesday (8 / 9) weakened following Wall Street fall amid new concerns about the health of European banks. Doubts on Europe bank debt comes back after the Wall Street Journal reported debt loan banks in Europe potentially at risk during tests designed to investigate the strength of the bank.

CNBC Asia FTSE 100 fell 1.0 percent to 6129.49.

Japanese shares fell 2.0 percent, are interested in returning to its lowest level for 16 months due to the strengthening of the yen back to sticking to a new record for the highest level in 15 years that undermine investor confidence and hit shares of exporters.

Concerns European banks and the political uncertainty there also kept investors cautious.

The Nikkei 225 fell 188.72 points to 9037.28, returning to its lowest level in 16 months at 8796.45 this month. The broader Topix index fell 1.8 percent to 820.17. Prime Minister Kan Naoto tries to fend off challenges from the ruling party leadership from veteran Ichiro Ozawa, the party vote is set on 14 September.

Shares of Sony fell 1.9 percent to 2466 yen and Canon dropped 2 percent to 3515 yen, Honda Motor shares slid 2.3 percent to 2750 yen. Investors worried about a stronger yen hit exporters income.

Seoul shares down 0.8 percent due to new concerns in Europe that makes the fear of investors. Korea Composite Stock Price Index (KOSPI) fell 15.3 points to 1772.4.

Australian shares fell 0.6 percent, after Wall Street and metals prices weakened on worries about slowing growth in the Euro zoan. Index S & P / ASX 200 fell 30 points to 4543.1. Exchange of Hong Kong leading the decline in the Greater China region. The Hang Seng index fell for five sessions or weakened 1% to 21 180 in early trading.

TAIEX Taiwan also fell 0.3 percent. Singapore's Straits Times Index fell 1 percent, dragged by big losses at state banks. OCBC shares fell 2 percent to S $ 8.77. KLCI KLCI Malaysia also experienced a slowdown.

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